(40 ILCS 5/5-232) (from Ch. 108 1/2, par. 5-232)
Sec. 5-232.
(a) Any active member of the Judges Retirement System
of Illinois may apply for transfer of his credits and creditable service accumulated
under this Fund to the Judges Retirement System. Such credits and creditable
service shall be transferred forthwith. Payment by this Fund to the Judges
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
(2) municipality credits computed and credited under this Article, including
interest, on the books of the Fund on the date the member terminated service
under the Fund.
Participation in this Fund as to any credits transferred
under this Section shall terminate on the date of transfer.
(b) An active member of the Judges Retirement System may reinstate service and
service credits terminated upon receipt of a separation benefit, by payment
to the Fund of the amount of the separation benefit plus interest thereon
to the date of payment.
(Source: P.A. 85-1008.)
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