Illinois § 5-233.1 Transfer of creditable service to Article 8 or 11 fund

Illinois Statutes

§ 5-233.1 — Transfer of creditable service to Article 8 or 11 fund

Illinois § 5-233.1

JurisdictionIllinois

TopicGOVERNMENT

Ch. 40PENSIONS

Act 40 ILCS 5/Illinois Pension Code.

Art.Article 5 - Policemen's Annuity And Benefit Fund--Cities Over 500,000

This text of Illinois § 5-233.1 (Transfer of creditable service to Article 8 or 11 fund) 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. 5-233.1 (2026).

Text

A person who (i) is an active participant in a fund established under Article 8 or 11 of this Code and (ii) has at least 10 and no more than 22 years of creditable service in this Fund may, within the 90 days following the effective date of this Section, apply for transfer of his or her credits and creditable service accumulated in this Fund to the Article 8 or 11 fund. At the time of the transfer, this Fund shall pay to the Article 8 or 11 fund an amount consisting of:

(1)the amounts credited to the applicant through employee contributions for the service to be transferred, including interest; and (2) the corresponding municipality credits, including interest, on the books of the Fund on the date of transfer. Participation in this Fund with respect to the credits transferred shall termin

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A person who (i) is an active participant in a fund established under Article 8 or 11 of this Code and (ii) has at least 10 and no more than 22 years of creditable service in this Fund may, within the 90 days following the effective date of this Section, apply for transfer of his or her credits and creditable service accumulated in this Fund to the Article 8 or 11 fund. At the time of the transfer, this Fund shall pay to the Article 8 or 11 fund an amount consisting of: (1) the amounts credited to the applicant through employee contributions for the service to be transferred, including interest; and (2) the corresponding municipality credits, including interest, on the books of the Fund on the date of transfer. Participation in this Fund with respect to the credits transferred shall terminate on the date of transfer.