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90_SB0665sam008
LRB9000602EGfgam15
1 AMENDMENT TO SENATE BILL 665
2 AMENDMENT NO. . Amend Senate Bill 665, AS AMENDED,
3 by inserting immediately below the enacting clause the
4 following:
5 "Section 5. The Illinois Pension Code is amended by
6 adding Section 18-112.6 as follows:
7 (40 ILCS 5/18-112.6 new)
8 Sec. 18-112.6. Service credit for member of educational
9 board. Until July 1, 1998, an active participant in this
10 System who has at least 6 years of service as a judge may
11 establish up to 2 years of service credit in this System for
12 a period during which the participant held elective office as
13 a member of a board of education in this State or a member of
14 the board of trustees of a community college district in this
15 State, by applying to the Board in writing and paying to the
16 System an amount equal to (1) employee contributions based on
17 the rate in effect for a judge on the date of becoming a
18 participant in this System and the salary received by the
19 judge on that date, plus (2) the employer's share of the
20 normal cost of the benefits being established, plus (3)
21 interest thereon at the prescribed rate, compounded annually,
22 from the date of membership to the date of payment. However,
-2- LRB9000602EGfgam15
1 credit may not be established under this Section for any
2 period for which the judge has received credit under any
3 other pension fund or retirement system subject to this Code,
4 unless that credit has been terminated."; and
5 by renumbering all subsequent Sections of the bill in
6 consecutive ascending multiples of 5, beginning with the
7 number 10.