(40 ILCS 5/5-230) (from Ch. 108 1/2, par. 5-230)
Sec. 5-230.
General Assembly.
(a) Any active (and until February 1, 1993, any former) member of the
General Assembly Retirement System may apply for transfer of his credits
and creditable service accumulated under this Fund to the General Assembly
System. Such credits and creditable service shall be transferred
forthwith. Payment by this Fund to the General Assembly Retirement System
shall be made at the same time and shall consist of:
(1) the amounts accumulated to the credit of the |
| applicant, including interest, on the books of the Fund on the date of transfer, but excluding any additional or optional credits, which credits shall be refunded to the applicant; and
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(2) municipality credits computed and credited under
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| this Article including interest, on the books of the Fund on the date the member terminated service under the Fund.
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Participation in this Fund as to any credits transferred
under this Section shall terminate on the date of transfer.
(b) An active (and until February 1, 1993, a former) member of the
General Assembly may reinstate service and service credits terminated upon
receipt of a refund or separation benefit, by payment to the Fund of
the amount of the separation benefit plus interest thereon from the date
of the refund to the date of payment.
(Source: P.A. 87-1265.)
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