Illinois § 9-121.18 Transfer to Article 5

Illinois Statutes

§ 9-121.18 — Transfer to Article 5

Illinois § 9-121.18

JurisdictionIllinois

TopicGOVERNMENT

Ch. 40PENSIONS

Act 40 ILCS 5/Illinois Pension Code.

Art.Article 9 - County Employees' and Officers' Annuity and Benefit Fund - Counties Over 3,000,000 Inhabitants

This text of Illinois § 9-121.18 (Transfer to Article 5) 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. 9-121.18 (2026).

Text

(a)Any active member of Article 5 of this Code may apply for transfer of some or all of his creditable service as a correctional officer with the county department of corrections accumulated under this Article to the Article 5 Fund in accordance with paragraph (b) of Section 5-234. At the time of the transfer the Fund shall pay to the Article 5 Fund an amount equal to:

(1)the amounts accumulated to the credit of the applicant on the books of the Fund on the date of transfer for the service to be transferred;

(2)the corresponding employer credits, including interest, on the books of the Fund on the date of transfer; and (3) any interest paid by the applicant in order to reinstate such service. Participation in this Fund with respect to the credits transferred shall terminate on the date

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(a) Any active member of Article 5 of this Code may apply for transfer of some or all of his creditable service as a correctional officer with the county department of corrections accumulated under this Article to the Article 5 Fund in accordance with paragraph (b) of Section 5-234. At the time of the transfer the Fund shall pay to the Article 5 Fund an amount equal to: (1) the amounts accumulated to the credit of the applicant on the books of the Fund on the date of transfer for the service to be transferred; (2) the corresponding employer credits, including interest, on the books of the Fund on the date of transfer; and (3) any interest paid by the applicant in order to reinstate such service. Participation in this Fund with respect to the credits transferred shall terminate on the date of transfer. (b) Any person applying to transfer service under this Section may reinstate credit for service as a member of the county department of corrections that was terminated by receipt of a refund, by paying to the Fund the amount of the refund with interest thereon at the actuarially assumed rate, compounded annually, from the date of refund to the date of payment.