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92_HB0519
LRB9204563EGfg
1 AN ACT in relation to public employee benefits.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Illinois Pension Code is amended by
5 changing Sections 3-110.6, 5-236, 7-139.8, 9-121.10, and
6 14-110 and adding Section 15-134.6 as follows:
7 (40 ILCS 5/3-110.6) (from Ch. 108 1/2, par. 3-110.6)
8 Sec. 3-110.6. Transfer to Article 14 System.
9 (a) Any active member of the State Employees' Retirement
10 System who is employed in a position for which he or she
11 earns eligible creditable service as defined in Section
12 14-110 of this Code an investigator for the Office of the
13 State's Attorneys Appellate Prosecutor or a controlled
14 substance inspector may apply for transfer of all or a
15 portion of his or her creditable service accumulated in any
16 police pension fund under this Article to the State
17 Employees' Retirement System in accordance with Section
18 14-110. The creditable service shall be transferred only
19 upon payment by the police pension fund to the State
20 Employees' Retirement System of an amount equal to:
21 (1) the amounts accumulated to the credit of the
22 applicant on the books of the fund for the service to be
23 transferred on the date of transfer; and
24 (2) employer contributions in an amount equal to
25 the amount determined under item subparagraph (1); and
26 (3) any interest paid by the applicant in order to
27 reinstate that service.
28 Participation in the police pension fund with resect to the
29 service transferred shall terminate on the date of transfer.
30 (b) Any person transferring service under subsection (a)
31 such investigator or inspector may reinstate service which
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1 was terminated by receipt of a refund, by paying to the
2 police pension fund the amount of the refund with interest
3 thereon at the rate of 6% per year, compounded annually, from
4 the date of refund to the date of payment.
5 (Source: P.A. 90-32, eff. 6-27-97.)
6 (40 ILCS 5/5-236) (from Ch. 108 1/2, par. 5-236)
7 Sec. 5-236. Transfer to Article 14.
8 (a) Until January 31, 1994, Any active member of the
9 State Employees' Retirement System who is employed in a
10 position for which he or she earns eligible creditable
11 service as defined in Section 14-110 of this Code a State
12 policeman or investigator for the Secretary of State may
13 apply for transfer of all or a portion of his or her
14 creditable service accumulated under this Article to the
15 State Employees' Retirement System in accordance with Section
16 14-110. At the time of the transfer the Fund shall pay to
17 the State Employees' Retirement System an amount equal to:
18 (1) the amounts accumulated to the credit of the
19 applicant on the books of the Fund for the service to be
20 transferred on the date of transfer; and
21 (2) the corresponding municipality credits,
22 including interest, on the books of the Fund on the date
23 of transfer; and
24 (3) any interest paid by the applicant in order to
25 reinstate that service.
26 Participation in this Fund with respect to the service
27 transferred shall terminate on the date of transfer.
28 (b) Until January 31, 1994, Any person transferring
29 service under subsection (a) such State policeman or
30 investigator for the Secretary of State may reinstate service
31 that was terminated by receipt of a refund, by paying to the
32 Fund the amount of the refund with interest thereon at the
33 rate of 6% per year, compounded annually, from the date of
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1 refund to the date of payment.
2 (c) Within 30 days after the effective date of this
3 amendatory Act of 1993, any active member of the State
4 Employees' Retirement System who was earning eligible
5 creditable service under subdivision (b)(12) of Section
6 14-110 on January 1, 1992 and who has at least 17 years of
7 creditable service under this Article may apply for transfer
8 of his creditable service accumulated under this Article to
9 the State Employees' Retirement System. At the time of the
10 transfer the Fund shall pay to the State Employees'
11 Retirement System an amount equal to:
12 (1) the amounts accumulated to the credit of the
13 applicant on the books of the Fund on the date of
14 transfer; and
15 (2) the corresponding municipality credits,
16 including interest, on the books of the Fund on the date
17 of transfer.
18 Participation in this Fund shall terminate on the date of
19 transfer.
20 (Source: P.A. 86-1488; 87-1265.)
21 (40 ILCS 5/7-139.8) (from Ch. 108 1/2, par. 7-139.8)
22 Sec. 7-139.8. Transfer to Article 14 System.
23 (a) Any active member of the State Employees' Retirement
24 System who is employed in a position for which he or she
25 earns eligible creditable service as defined in Section
26 14-110 of this Code an investigator for the Office of the
27 State's Attorneys Appellate Prosecutor or a controlled
28 substance inspector may apply for transfer of all or a
29 portion of his or her credits and creditable service
30 accumulated in this Fund for service as a sheriff's law
31 enforcement employee to the State Employees' Retirement
32 System in accordance with Section 14-110. The creditable
33 service shall be transferred only upon payment by this Fund
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1 to the State Employees' Retirement System of an amount equal
2 to:
3 (1) the amounts accumulated to the credit of the
4 applicant for the service to be transferred as a
5 sheriff's law enforcement employee, including interest;
6 and
7 (2) municipality credits based on such service,
8 including interest; and
9 (3) any interest paid by the applicant to reinstate
10 such service.
11 Participation in this Fund as to any credits transferred
12 under this Section shall terminate on the date of transfer.
13 (b) Any person transferring service under subsection (a)
14 such investigator or inspector may reinstate credits and
15 creditable service terminated upon receipt of a separation
16 benefit, by paying to the Fund the amount of the separation
17 benefit plus interest thereon at the rate of 6% per year to
18 the date of payment.
19 (Source: P.A. 90-32, eff. 6-27-97.)
20 (40 ILCS 5/9-121.10) (from Ch. 108 1/2, par. 9-121.10)
21 Sec. 9-121.10. Transfer to Article 14.
22 (a) Until July 1, 1993, Any active member of the State
23 Employees' Retirement System who is employed in a position
24 for which he or she earns eligible creditable service as
25 defined in Section 14-110 of this Code a State policeman may
26 apply for transfer of some or all of his or her creditable
27 service as a member of the County Police Department
28 accumulated under this Article to the State Employees'
29 Retirement System in accordance with Section 14-110. At the
30 time of the transfer the Fund shall pay to the State
31 Employees' Retirement System an amount equal to:
32 (1) the amounts accumulated to the credit of the
33 applicant on the books of the Fund on the date of
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1 transfer for the service to be transferred; and
2 (2) the corresponding municipality credits,
3 including interest, on the books of the Fund on the date
4 of transfer; and
5 (3) any interest paid by the applicant in order to
6 reinstate such service.
7 Participation in this Fund with respect to the credits
8 transferred shall terminate on the date of transfer.
9 (b) Until July 1, 1993, Any person transferring service
10 under subsection (a) such State policeman may reinstate
11 credit for service as a member of the County Police
12 Department that was terminated by receipt of a refund, by
13 paying to the Fund the amount of the refund with interest
14 thereon at the rate of 6% per year, compounded annually, from
15 the date of refund to the date of payment.
16 (Source: P.A. 87-1265.)
17 (40 ILCS 5/14-110) (from Ch. 108 1/2, par. 14-110)
18 Sec. 14-110. Alternative retirement annuity.
19 (a) Any member who has withdrawn from service with not
20 less than 20 years of eligible creditable service and has
21 attained age 55, and any member who has withdrawn from
22 service with not less than 25 years of eligible creditable
23 service and has attained age 50, regardless of whether the
24 attainment of either of the specified ages occurs while the
25 member is still in service, shall be entitled to receive at
26 the option of the member, in lieu of the regular or minimum
27 retirement annuity, a retirement annuity computed as
28 follows:
29 (i) for periods of service as a noncovered
30 employee, 2 1/4% of final average compensation for each
31 of the first 10 years of creditable service, 2 1/2% for
32 each year above 10 years to and including 20 years of
33 creditable service, and 2 3/4% for each year of
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1 creditable service above 20 years; and
2 (ii) for periods of eligible creditable service as
3 a covered employee, 1.67% of final average compensation
4 for each of the first 10 years of such service, 1.90% for
5 each of the next 10 years of such service, 2.10% for each
6 year of such service in excess of 20 but not exceeding
7 30, and 2.30% for each year in excess of 30.
8 Such annuity shall be subject to a maximum of 75% of
9 final average compensation. These rates shall not be
10 applicable to any service performed by a member as a covered
11 employee which is not eligible creditable service. Service
12 as a covered employee which is not eligible creditable
13 service shall be subject to the rates and provisions of
14 Section 14-108.
15 (b) For the purpose of this Section, "eligible
16 creditable service" means creditable service resulting from
17 service in one or more of the following positions:
18 (1) State policeman;
19 (2) fire fighter in the fire protection service of
20 a department;
21 (3) air pilot;
22 (4) special agent;
23 (5) investigator for the Secretary of State;
24 (6) conservation police officer;
25 (7) investigator for the Department of Revenue;
26 (8) security employee of the Department of Human
27 Services;
28 (9) Central Management Services security police
29 officer;
30 (10) security employee of the Department of
31 Corrections;
32 (11) dangerous drugs investigator;
33 (12) investigator for the Department of State
34 Police;
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1 (13) investigator for the Office of the Attorney
2 General;
3 (14) controlled substance inspector;
4 (15) investigator for the Office of the State's
5 Attorneys Appellate Prosecutor;
6 (16) Commerce Commission police officer;
7 (17) arson investigator.
8 A person employed in one of the positions specified in
9 this subsection is entitled to eligible creditable service
10 for service credit earned under this Article while undergoing
11 the basic police training course approved by the Illinois Law
12 Enforcement Training Standards Board, if completion of that
13 training is required of persons serving in that position.
14 For the purposes of this Code, service during the required
15 basic police training course shall be deemed performance of
16 the duties of the specified position, even though the person
17 is not a sworn peace officer at the time of the training.
18 (c) For the purposes of this Section:
19 (1) The term "state policeman" includes any title
20 or position in the Department of State Police that is
21 held by an individual employed under the State Police
22 Act.
23 (2) The term "fire fighter in the fire protection
24 service of a department" includes all officers in such
25 fire protection service including fire chiefs and
26 assistant fire chiefs.
27 (3) The term "air pilot" includes any employee
28 whose official job description on file in the Department
29 of Central Management Services, or in the department by
30 which he is employed if that department is not covered by
31 the Personnel Code, states that his principal duty is the
32 operation of aircraft, and who possesses a pilot's
33 license; however, the change in this definition made by
34 this amendatory Act of 1983 shall not operate to exclude
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1 any noncovered employee who was an "air pilot" for the
2 purposes of this Section on January 1, 1984.
3 (4) The term "special agent" means any person who
4 by reason of employment by the Division of Narcotic
5 Control, the Bureau of Investigation or, after July 1,
6 1977, the Division of Criminal Investigation, the
7 Division of Internal Investigation, the Division of
8 Operations, or any other Division or organizational
9 entity in the Department of State Police is vested by law
10 with duties to maintain public order, investigate
11 violations of the criminal law of this State, enforce the
12 laws of this State, make arrests and recover property.
13 The term "special agent" includes any title or position
14 in the Department of State Police that is held by an
15 individual employed under the State Police Act.
16 (5) The term "investigator for the Secretary of
17 State" means any person employed by the Office of the
18 Secretary of State and vested with such investigative
19 duties as render him ineligible for coverage under the
20 Social Security Act by reason of Sections 218(d)(5)(A),
21 218(d)(8)(D) and 218(l)(1) of that Act.
22 A person who became employed as an investigator for
23 the Secretary of State between January 1, 1967 and
24 December 31, 1975, and who has served as such until
25 attainment of age 60, either continuously or with a
26 single break in service of not more than 3 years
27 duration, which break terminated before January 1, 1976,
28 shall be entitled to have his retirement annuity
29 calculated in accordance with subsection (a),
30 notwithstanding that he has less than 20 years of credit
31 for such service.
32 (6) The term "Conservation Police Officer" means
33 any person employed by the Division of Law Enforcement of
34 the Department of Natural Resources and vested with such
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1 law enforcement duties as render him ineligible for
2 coverage under the Social Security Act by reason of
3 Sections 218(d)(5)(A), 218(d)(8)(D), and 218(l)(1) of
4 that Act. The term "Conservation Police Officer"
5 includes the positions of Chief Conservation Police
6 Administrator and Assistant Conservation Police
7 Administrator.
8 (7) The term "investigator for the Department of
9 Revenue" means any person employed by the Department of
10 Revenue and vested with such investigative duties as
11 render him ineligible for coverage under the Social
12 Security Act by reason of Sections 218(d)(5)(A),
13 218(d)(8)(D) and 218(l)(1) of that Act.
14 (8) The term "security employee of the Department
15 of Human Services" means any person employed by the
16 Department of Human Services who is employed at the
17 Chester Mental Health Center and has daily contact with
18 the residents thereof, or who is a mental health police
19 officer. "Mental health police officer" means any person
20 employed by the Department of Human Services in a
21 position pertaining to the Department's mental health and
22 developmental disabilities functions who is vested with
23 such law enforcement duties as render the person
24 ineligible for coverage under the Social Security Act by
25 reason of Sections 218(d)(5)(A), 218(d)(8)(D) and
26 218(l)(1) of that Act.
27 (9) "Central Management Services security police
28 officer" means any person employed by the Department of
29 Central Management Services who is vested with such law
30 enforcement duties as render him ineligible for coverage
31 under the Social Security Act by reason of Sections
32 218(d)(5)(A), 218(d)(8)(D) and 218(l)(1) of that Act.
33 (10) The term "security employee of the Department
34 of Corrections" means any employee of the Department of
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1 Corrections or the former Department of Personnel, and
2 any member or employee of the Prisoner Review Board, who
3 has daily contact with inmates by working within a
4 correctional facility or who is a parole officer or an
5 employee who has direct contact with committed persons in
6 the performance of his or her job duties.
7 (11) The term "dangerous drugs investigator" means
8 any person who is employed as such by the Department of
9 Human Services.
10 (12) The term "investigator for the Department of
11 State Police" means a person employed by the Department
12 of State Police who is vested under Section 4 of the
13 Narcotic Control Division Abolition Act with such law
14 enforcement powers as render him ineligible for coverage
15 under the Social Security Act by reason of Sections
16 218(d)(5)(A), 218(d)(8)(D) and 218(l)(1) of that Act.
17 (13) "Investigator for the Office of the Attorney
18 General" means any person who is employed as such by the
19 Office of the Attorney General and is vested with such
20 investigative duties as render him ineligible for
21 coverage under the Social Security Act by reason of
22 Sections 218(d)(5)(A), 218(d)(8)(D) and 218(l)(1) of that
23 Act. For the period before January 1, 1989, the term
24 includes all persons who were employed as investigators
25 by the Office of the Attorney General, without regard to
26 social security status.
27 (14) "Controlled substance inspector" means any
28 person who is employed as such by the Department of
29 Professional Regulation and is vested with such law
30 enforcement duties as render him ineligible for coverage
31 under the Social Security Act by reason of Sections
32 218(d)(5)(A), 218(d)(8)(D) and 218(l)(1) of that Act.
33 The term "controlled substance inspector" includes the
34 Program Executive of Enforcement and the Assistant
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1 Program Executive of Enforcement.
2 (15) The term "investigator for the Office of the
3 State's Attorneys Appellate Prosecutor" means a person
4 employed in that capacity on a full time basis under the
5 authority of Section 7.06 of the State's Attorneys
6 Appellate Prosecutor's Act.
7 (16) "Commerce Commission police officer" means any
8 person employed by the Illinois Commerce Commission who
9 is vested with such law enforcement duties as render him
10 ineligible for coverage under the Social Security Act by
11 reason of Sections 218(d)(5)(A), 218(d)(8)(D), and
12 218(l)(1) of that Act.
13 (17) "Arson investigator" means any person who is
14 employed as such by the Office of the State Fire Marshal
15 and is vested with such law enforcement duties as render
16 the person ineligible for coverage under the Social
17 Security Act by reason of Sections 218(d)(5)(A),
18 218(d)(8)(D), and 218(l)(1) of that Act. A person who
19 was employed as an arson investigator on January 1, 1995
20 and is no longer in service but not yet receiving a
21 retirement annuity may convert his or her creditable
22 service for employment as an arson investigator into
23 eligible creditable service by paying to the System the
24 difference between the employee contributions actually
25 paid for that service and the amounts that would have
26 been contributed if the applicant were contributing at
27 the rate applicable to persons with the same social
28 security status earning eligible creditable service on
29 the date of application.
30 (d) A security employee of the Department of
31 Corrections, and a security employee of the Department of
32 Human Services who is not a mental health police officer,
33 shall not be eligible for the alternative retirement annuity
34 provided by this Section unless he or she meets the following
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1 minimum age and service requirements at the time of
2 retirement:
3 (i) 25 years of eligible creditable service and age
4 55; or
5 (ii) beginning January 1, 1987, 25 years of
6 eligible creditable service and age 54, or 24 years of
7 eligible creditable service and age 55; or
8 (iii) beginning January 1, 1988, 25 years of
9 eligible creditable service and age 53, or 23 years of
10 eligible creditable service and age 55; or
11 (iv) beginning January 1, 1989, 25 years of
12 eligible creditable service and age 52, or 22 years of
13 eligible creditable service and age 55; or
14 (v) beginning January 1, 1990, 25 years of eligible
15 creditable service and age 51, or 21 years of eligible
16 creditable service and age 55; or
17 (vi) beginning January 1, 1991, 25 years of
18 eligible creditable service and age 50, or 20 years of
19 eligible creditable service and age 55.
20 Persons who have service credit under Article 16 of this
21 Code for service as a security employee of the Department of
22 Corrections in a position requiring certification as a
23 teacher may count such service toward establishing their
24 eligibility under the service requirements of this Section;
25 but such service may be used only for establishing such
26 eligibility, and not for the purpose of increasing or
27 calculating any benefit.
28 (e) If a member enters military service while working in
29 a position in which eligible creditable service may be
30 earned, and returns to State service in the same or another
31 such position, and fulfills in all other respects the
32 conditions prescribed in this Article for credit for military
33 service, such military service shall be credited as eligible
34 creditable service for the purposes of the retirement annuity
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1 prescribed in this Section.
2 (f) For purposes of calculating retirement annuities
3 under this Section, periods of service rendered after
4 December 31, 1968 and before October 1, 1975 as a covered
5 employee in the position of special agent, conservation
6 police officer, mental health police officer, or investigator
7 for the Secretary of State, shall be deemed to have been
8 service as a noncovered employee, provided that the employee
9 pays to the System prior to retirement an amount equal to (1)
10 the difference between the employee contributions that would
11 have been required for such service as a noncovered employee,
12 and the amount of employee contributions actually paid, plus
13 (2) if payment is made after July 31, 1987, regular interest
14 on the amount specified in item (1) from the date of service
15 to the date of payment.
16 For purposes of calculating retirement annuities under
17 this Section, periods of service rendered after December 31,
18 1968 and before January 1, 1982 as a covered employee in the
19 position of investigator for the Department of Revenue shall
20 be deemed to have been service as a noncovered employee,
21 provided that the employee pays to the System prior to
22 retirement an amount equal to (1) the difference between the
23 employee contributions that would have been required for such
24 service as a noncovered employee, and the amount of employee
25 contributions actually paid, plus (2) if payment is made
26 after January 1, 1990, regular interest on the amount
27 specified in item (1) from the date of service to the date of
28 payment.
29 (g) Subject to the limitation in subsection (i), any
30 active member of the System who is employed in a position for
31 which he or she earns eligible creditable service may elect
32 to establish eligible creditable service for up to 12 years
33 of his or her service as a policeman under Article 3 or 5, a
34 sheriff's law enforcement employee under Article 7, a member
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1 of the County Police Department under Article 9, or a police
2 officer under Article 15 by filing a written election with
3 the Board and paying to the System no later than the day of
4 withdrawal an amount to be determined by the System, equal to
5 the deficiency, if any, between (i) the amount transferred to
6 the System under Section 3-110.6, 5-236, 7-139.8, 9-121.10,
7 or 15-134.6 and (ii) the amount that would have been
8 contributed to the System had employer and employee
9 contributions been made for the transferred service at the
10 rates applicable to State policemen, including interest
11 thereon at the effective rate for each year, compounded
12 annually, from the date of service to the date of payment.
13 A State policeman may elect, not later than January 1,
14 1990, to establish eligible creditable service for up to 10
15 years of his service as a policeman under Article 3, by
16 filing a written election with the Board, accompanied by
17 payment of an amount to be determined by the Board, equal to
18 (i) the difference between the amount of employee and
19 employer contributions transferred to the System under
20 Section 3-110.5, and the amounts that would have been
21 contributed had such contributions been made at the rates
22 applicable to State policemen, plus (ii) interest thereon at
23 the effective rate for each year, compounded annually, from
24 the date of service to the date of payment.
25 Subject to the limitation in subsection (i), a State
26 policeman may elect, not later than July 1, 1993, to
27 establish eligible creditable service for up to 10 years of
28 his service as a member of the County Police Department under
29 Article 9, by filing a written election with the Board,
30 accompanied by payment of an amount to be determined by the
31 Board, equal to (i) the difference between the amount of
32 employee and employer contributions transferred to the System
33 under Section 9-121.10 and the amounts that would have been
34 contributed had those contributions been made at the rates
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1 applicable to State policemen, plus (ii) interest thereon at
2 the effective rate for each year, compounded annually, from
3 the date of service to the date of payment.
4 (h) (Blank). Subject to the limitation in subsection
5 (i), a State policeman or investigator for the Secretary of
6 State may elect to establish eligible creditable service for
7 up to 12 years of his service as a policeman under Article 5,
8 by filing a written election with the Board on or before
9 January 31, 1992, and paying to the System by January 31,
10 1994 an amount to be determined by the Board, equal to (i)
11 the difference between the amount of employee and employer
12 contributions transferred to the System under Section 5-236,
13 and the amounts that would have been contributed had such
14 contributions been made at the rates applicable to State
15 policemen, plus (ii) interest thereon at the effective rate
16 for each year, compounded annually, from the date of service
17 to the date of payment.
18 Subject to the limitation in subsection (i), a State
19 policeman, conservation police officer, or investigator for
20 the Secretary of State may elect to establish eligible
21 creditable service for up to 10 years of service as a
22 sheriff's law enforcement employee under Article 7, by filing
23 a written election with the Board on or before January 31,
24 1993, and paying to the System by January 31, 1994 an amount
25 to be determined by the Board, equal to (i) the difference
26 between the amount of employee and employer contributions
27 transferred to the System under Section 7-139.7, and the
28 amounts that would have been contributed had such
29 contributions been made at the rates applicable to State
30 policemen, plus (ii) interest thereon at the effective rate
31 for each year, compounded annually, from the date of service
32 to the date of payment.
33 (i) The total amount of eligible creditable service
34 established by any person under subsections (g), (h), (j),
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1 (k), and (l) of this Section shall not exceed 12 years.
2 (j) (Blank). Subject to the limitation in subsection
3 (i), an investigator for the Office of the State's Attorneys
4 Appellate Prosecutor or a controlled substance inspector may
5 elect to establish eligible creditable service for up to 10
6 years of his service as a policeman under Article 3 or a
7 sheriff's law enforcement employee under Article 7, by filing
8 a written election with the Board, accompanied by payment of
9 an amount to be determined by the Board, equal to (1) the
10 difference between the amount of employee and employer
11 contributions transferred to the System under Section 3-110.6
12 or 7-139.8, and the amounts that would have been contributed
13 had such contributions been made at the rates applicable to
14 State policemen, plus (2) interest thereon at the effective
15 rate for each year, compounded annually, from the date of
16 service to the date of payment.
17 (k) Subject to the limitation in subsection (i) of this
18 Section, an alternative formula employee may elect to
19 establish eligible creditable service for periods spent as a
20 full-time law enforcement officer or full-time corrections
21 officer employed by the federal government or by a state or
22 local government located outside of Illinois, for which
23 credit is not held in any other public employee pension fund
24 or retirement system. To obtain this credit, the applicant
25 must file a written application with the Board by March 31,
26 1998, accompanied by evidence of eligibility acceptable to
27 the Board and payment of an amount to be determined by the
28 Board, equal to (1) employee contributions for the credit
29 being established, based upon the applicant's salary on the
30 first day as an alternative formula employee after the
31 employment for which credit is being established and the
32 rates then applicable to alternative formula employees, plus
33 (2) an amount determined by the Board to be the employer's
34 normal cost of the benefits accrued for the credit being
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1 established, plus (3) regular interest on the amounts in
2 items (1) and (2) from the first day as an alternative
3 formula employee after the employment for which credit is
4 being established to the date of payment.
5 (l) (Blank). Subject to the limitation in subsection
6 (i), a security employee of the Department of Corrections may
7 elect, not later than July 1, 1998, to establish eligible
8 creditable service for up to 10 years of his or her service
9 as a policeman under Article 3, by filing a written election
10 with the Board, accompanied by payment of an amount to be
11 determined by the Board, equal to (i) the difference between
12 the amount of employee and employer contributions transferred
13 to the System under Section 3-110.5, and the amounts that
14 would have been contributed had such contributions been made
15 at the rates applicable to security employees of the
16 Department of Corrections, plus (ii) interest thereon at the
17 effective rate for each year, compounded annually, from the
18 date of service to the date of payment.
19 (Source: P.A. 90-32, eff. 6-27-97; 91-357, eff. 7-29-99;
20 91-760, eff. 1-1-01.)
21 (40 ILCS 5/15-134.6 new)
22 Sec. 15-134.6. Transfer of certain creditable service to
23 the Article 14 retirement system.
24 (a) An active member of the Article 14 retirement system
25 who is employed in a position for which he or she earns
26 eligible creditable service as defined in Section 14-110 of
27 this Code may transfer all or a portion of his or her
28 creditable service accumulated under this System for service
29 as a police officer to the Article 14 retirement system in
30 accordance with Section 14-110. The transfer of creditable
31 service shall be accompanied by payment from this System to
32 the Article 14 retirement system of:
33 (1) the amounts credited to the applicant for the
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1 service to be transferred through employee contributions,
2 including interest, as of the date of transfer; and
3 (2) employer contributions equal to the amount
4 determined under item (1); and
5 (3) any interest paid by the applicant in order to
6 reinstate the service to be transferred.
7 Participation in this System with respect to the transferred
8 service shall terminate on the date of transfer.
9 (b) A person transferring creditable service under
10 subsection (a) may reinstate service that was terminated by
11 receipt of a refund, by paying to the System the amount of
12 the refund plus interest thereon at the effective rate from
13 the date of the refund to the date of payment.
14 (40 ILCS 5/3-110.5 rep.)
15 (40 ILCS 5/7-139.7 rep.)
16 Section 10. The Illinois Pension Code is amended by
17 repealing Sections 3-110.5 and 7-139.7.
18 Section 99. Effective date. This Act takes effect upon
19 becoming law.