(b) An active (and until February 1, 1993, a former) member of the
General Assembly Retirement System who has service credits and
creditable service under the Fund may establish additional service credits
and creditable service for periods during which he was an elected official
and could have elected to participate but did not so elect. Service 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) An active (and until February 1, 1993, a former) member of the
General Assembly 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.
(d) An active (and until February 1, 1993, a former) member of the
General Assembly having no service credits or creditable service in the
Fund may establish service credit and creditable service for periods during
which he was employed by the county but did not participate in the Fund, by
paying to the Fund prior to July 1, 1991 an amount equal to the
contributions he would have made if he had participated, plus interest
thereon at 6% per annum compounded annually from such period to the date
of payment.
(e) Any active member of the General Assembly may apply for transfer of
his credits and creditable service established under subsection (c) or (d)
to any annuity and benefit fund established under Article 5, 8 or 12 of
this Act. Such credits and creditable service shall be transferred
forthwith, together with a payment from this Fund to the designated Article
5, 8 or 12 fund consisting of the amounts accumulated to the credit of the
applicant under subsection (c) or (d), including the corresponding employer
contributions and interest, on the books of the Fund on the date of
transfer. Participation in this Fund as to any credits transferred under
this subsection shall terminate on the date of transfer.
(Source: P.A. 86-27; 86-273; 86-1028; 86-1488; 87-794.)
|