Illinois General Assembly - Illinois Compiled Statutes

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40 ILCS 5/11-125.5

(40 ILCS 5/11-125.5) (from Ch. 108 1/2, par. 11-125.5)

Sec. 11-125.5.

Transfer of creditable service to Article 8, 9, or 13
Fund.

(a) Any city officer as defined in Section 8-243.2 of this Code, 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 the pension fund
established under 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 8, 9, or 13 fund.  Such creditable
service  shall be transferred forthwith.  Payments by this Fund to the Article
8, 9, or 13 fund shall be made at the same time and shall consist of:

(1) the amounts accumulated to the credit of the

applicant, including interest, on the books of the Fund on the date of transfer, but excluding any additional or optional credits, which credits shall be refunded to the applicant; and

(2) municipality credits computed and credited under

this Article, including interest, on the books of the Fund on the date the applicant terminated service under the Fund.

Participation in this Fund as to any credits transferred under this
Section shall terminate on the date of transfer.

(b) Any such elected city officer, county officer, 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 city officer, county officer, 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. 100-201, eff. 8-18-17.)