(70 ILCS 1545/13) (from Ch. 105, par. 333.63)
Sec. 13.
The park policemen's annuity act and the park policemen's
annuity fund shall be continued to the end that the annuity rights and
credits of eligible members, contributors and annuitants shall be
preserved.
Annuitants and recipients of disability benefits thereunder on the
effective date shall continue to receive their benefits in accordance with
its provisions. Such disability beneficiaries, however, upon termination of
their disability, shall be transferred to the employment of the city in
accordance with the provisions of Section 4.
Persons who are members of the park policemen's annuity fund on the
effective date, but who are then not in the actual employment of the park
district, having service credits sufficient to vest in them a right to a
retirement annuity, shall be entitled to receive such annuity under said
act upon attainment of retirement age or upon fulfillment of such other
conditions necessary to qualify them for receipt of annuity.
Members of the park policemen's fund on the effective date who are not
then in actual employment of the park district, having service credits
insufficient to vest in them a right to a retirement annuity, shall have
such credits preserved if subsequent to the effective date and without
intervening employment by the park district, the city or any other
governmental unit in the State which provides retirement plan protection,
they are employed by the city as policemen, and, in such event, they shall
remain members of the park policemen's annuity fund.
If the park policemen's annuity fund is merged into and superseded by
the city policemen's annuity fund by action of the 71st General Assembly,
the rights granted by this Section to members, contributors, annuitants and
other persons shall be preserved in the administration of the city
policemen's annuity act.
(Source: Laws 1959, p. 780.)
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