Illinois § 8-226.7 Transfer to Article 7

Illinois Statutes

§ 8-226.7 — Transfer to Article 7

Illinois § 8-226.7

TopicGOVERNMENT

Ch. 40PENSIONS

Act 40 ILCS 5/Illinois Pension Code.

Art.Article 8 - Municipal Employees', Officers', And Officials' Annuity And Benefit Fund--Cities Over 500,000 Inhabitants

This text of Illinois § 8-226.7 (Transfer to Article 7) 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. 8-226.7 (2026).

Text

Until 6 months after the effective date of this amendatory Act of the 95th General Assembly, any member who is a sheriff's law enforcement employee under Article 7 of this Code who is eligible to transfer service credit to that Fund from this Fund under paragraph (9) of subsection (a) of Section 7-139 may apply for transfer of that service credit to the Illinois Municipal Retirement Fund. The credits and creditable service shall be transferred upon application, and shall include payment by this Fund to the Illinois Municipal Retirement Fund 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,

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Until 6 months after the effective date of this amendatory Act of the 95th General Assembly, any member who is a sheriff's law enforcement employee under Article 7 of this Code who is eligible to transfer service credit to that Fund from this Fund under paragraph (9) of subsection (a) of Section 7-139 may apply for transfer of that service credit to the Illinois Municipal Retirement Fund. The credits and creditable service shall be transferred upon application, and shall include payment by this Fund to the Illinois Municipal Retirement Fund 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.