(40 ILCS 5/8-230.3) (from Ch. 108 1/2, par. 8-230.3)
Sec. 8-230.3.
Establishment and restoration of service credit.
(a) Beginning on the effective date of this amendatory Act of 1991, an
employee who is still in service and is eligible to establish optional
service credit under this Article for any period during which he was not an
active participant in the Fund need not establish credit for the entire
period for which he is eligible, but may instead elect to establish credit
for only a fraction of that period. In such cases, the credit established
shall be deemed to relate to the earliest period for which that type of
credit may be established. However, in no event shall any such credit be
granted until the employee contributions required for that credit, if any,
have been paid.
(b) Notwithstanding Section 8-167 or any other provision of this
Article, beginning on the effective date of this amendatory Act of 1991, an
employee who has returned to service and is required (or authorized) to
restore service credit that was surrendered upon payment of a refund need
not restore such credit in full, but may instead elect to restore only a
fraction of the surrendered service credit, or none of it. If only some of
the surrendered credit is to be restored, the credit shall be restored in
the order in which it was earned, and the board shall determine the amount
that must be repaid by the employee to the Fund in order to restore the
credit, based on the corresponding fraction of the refund, plus interest as
required by the other provisions of this Article. In no event shall any
such credit be restored until the payment required for that credit has been
paid, and in no event shall any benefit be granted based on surrendered
credit that has not been restored.
(Source: P.A. 86-1488.)
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