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Illinois Compiled Statutes - Full Text
Illinois Compiled Statutes (ILCS)
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(40 ILCS 5/11-221.1) (from Ch. 108 1/2, par. 11-221.1)
Sec. 11-221.1.
Right of employees to contribute for certain other service.
Any employee in the service, after having made contributions covering a period
of 10 or more years to the annuity and benefit fund herein provided
for, may elect to pay for and receive credit for all annuity purposes for
service theretofore rendered by the employee to the Chicago Transit
Authority created by the Metropolitan Transit Authority Act; provided that if the employee
has more than 10 years of such service, only the last 10 years of such service shall be credited. Such service credit may be
paid for and granted on the same basis and conditions as are applicable in
the case of employees who make payment for past service under the provisions of
Section 11-221, but on the assumption
that the employee's salary throughout all of his or her
service with the Authority was at the rate of the employee's salary at the date of his or her entrance into the service as an
employee. In no event, however, shall such service be credited if the employee
has not forfeited and relinquished pension credit for service
covering such period under any pension or retirement plan applicable to the
Authority and instituted and maintained by the Authority
for the benefit of its employees.
(Source: P.A. 90-655, eff. 7-30-98.)
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