Illinois § 11-125.7 Transfer to Article 18 system

Illinois Statutes

§ 11-125.7 — Transfer to Article 18 system

Illinois § 11-125.7

JurisdictionIllinois

TopicGOVERNMENT

Ch. 40PENSIONS

Act 40 ILCS 5/Illinois Pension Code.

Art.Article 11 - Laborers' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000 Inhabitants

This text of Illinois § 11-125.7 (Transfer to Article 18 system) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

40 Ill. Comp. Stat. 11-125.7 (2026).

Text

Any active member of the Judges Retirement System who is eligible to transfer service credit to that System from this Fund under subsection (g) of Section 18-112 may apply for transfer of that service credit to the Judges Retirement System. The credits and creditable service shall be transferred upon application, and shall include payment by this Fund to the Judges Retirement System of:

(1)the amounts accumulated to the credit of the applicant for that service, including interest, on the books of the Fund on the date of transfer; and (2) the corresponding employer credits computed and credited for that service under this Article, including interest, on the books of the Fund on the date of transfer. Participation in this Fund as to the credits transferred under this Section shall terminate

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Any active member of the Judges Retirement System who is eligible to transfer service credit to that System from this Fund under subsection (g) of Section 18-112 may apply for transfer of that service credit to the Judges Retirement System. The credits and creditable service shall be transferred upon application, and shall include payment by this Fund to the Judges Retirement System of: (1) the amounts accumulated to the credit of the applicant for that service, including interest, on the books of the Fund on the date of transfer; and (2) the corresponding employer credits computed and credited for that service under this Article, including interest, on the books of the Fund on the date of transfer. Participation in this Fund as to the credits transferred under this Section shall terminate on the date of transfer.