§ 14-105.6

Illinois § 14-105.6

• Jurisdiction: Illinois
• Topic: GOVERNMENT
• Ch. 40: PENSIONS
• Act 40 ILCS 5/: Illinois Pension Code.
• Art.: Article 14 - State Employees' Retirement System Of Illinois

Text

(a) Until July 1, 1990, any active or inactive member of the pension fund established under Article 7 of this Code who has been a county sheriff may apply for transfer of his creditable service accumulated under this System to such Article 7 fund. Such creditable service shall be transferred forthwith. Payment by this System to the Article 7 fund shall be made at the same time and shall consist of: (1) the amounts accumulated to the credit of the applicant for such service, including regular interest, on the books of the System on the date of transfer; and (2) employer contributions in an amount equal to the amount of member contributions as determined under item (1) above. Participation in this System as to any credits transferred under this Section shall terminate on the date of transfer. (b) Any person transferring credit under this Section may reinstate credits and creditable service terminated upon receipt of a refund, by payment to the System, prior to July 1, 1990, of the amount of the refund plus regular interest thereon to the date of payment. This is not a limitation on the repayment provisions of Article 20.

Legislative History

(Source: P.A. 86-273.)