(40 ILCS 5/9-121.4) (from Ch. 108 1/2, par. 9-121.4)
Sec. 9-121.4.
Service as Village Trustee.
Any participant who served as
a Village Trustee, and was not then eligible to participate in the Illinois
Municipal Retirement Fund for such service, may elect to receive credit
under this Article for such service by paying to the Fund: (1) an amount equal
to his annual salary at the time of election, times the employee contribution
rate in effect at the time of election, times the number of years of service
credit to be granted under this Section; plus (2) an amount equal to his
annual salary at the time of election, times the employer contribution rate
in effect at the time of election, times the number of years of service
credit to be granted under this Section. The service credit received under
this Section may not exceed 50% of the participant's service credit in the
Fund at the time of election. No person may receive more than 4 years of
service credit under this Section.
(Source: P.A. 82-785.)
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