(40 ILCS 5/8-226.4) (from Ch. 108 1/2, par. 8-226.4)
Sec. 8-226.4.
Transfer of creditable service to Article 9 or 13 fund.
(a) Any county officer elected by vote of the people (and until March
1, 1993 any other person in accordance with Section 9-121.11) who is a
participant in a pension fund established under Article 9 of this Code,
any chief of the County Police Department or undersheriff of the County
Sheriff's Department who has elected under subparagraph (j) of Section 9-128.1
to be included within the provisions of Section 9-128.1 of Article 9 of this
Code, and any elected sanitary district commissioner who is a participant in
a pension fund established under Article 13 of this Code, may apply for
transfer of his credits and creditable service accumulated under this Fund
to such Article 9 or 13 fund. Such creditable service shall be
transferred forthwith. Payment by this Fund to the Article 9 or 13 fund
shall be made at the same time and shall consist of:
(1) the amounts accumulated to the credit of the |
Participation in this Fund as to any credits transferred under this
Section shall terminate on the date of transfer.
(b) Any such elected county officer, chief of the County Police
Department, undersheriff of the County Sheriff's Department, or sanitary
district commissioner
who has credits and creditable service under the Fund may establish
additional credits and creditable service for periods during which he
could have elected to participate but did not so elect. Credits and creditable
service may be established by payment to the Fund of an amount equal to the
contributions he would have made if he had elected to participate, plus
interest to the date of payment.
(c) Any such elected county officer, chief of the County Police
Department, undersheriff of the County Sheriff's Department, or sanitary
district commissioner
may reinstate credits and creditable service 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. 89-643, eff. 8-9-96.)
|