(40 ILCS 5/3-110.3)
(from Ch. 108 1/2, par. 3-110.3)
Transfer to IMRF.
(a) Any person who has made an election under Section 3-109.1, and until
July 1, 1993, any active member of the Illinois Municipal Retirement Fund who
is a county clerk, may apply for transfer of his creditable service accumulated
in any police pension fund under this Article to the Illinois Municipal
Retirement Fund. The creditable service shall be transferred upon payment by
the police pension fund to the Illinois Municipal Retirement Fund of an amount
(1) the amounts accumulated to the credit of the
Participation in this Fund shall terminate on the date of transfer.
(b) Any person who has made an election under Section 3-109.1, and
until July 1, 1993, any such county clerk, may reinstate service which was
terminated by receipt of a refund, by payment to the police pension fund of the
amount of the refund with interest thereon at the rate of 6% per year,
compounded annually, from the date of refund to the date of payment.
(Source: P.A. 86-273; 87-1265.)