(40 ILCS 5/14-105.1) (from Ch. 108 1/2, par. 14-105.1)
Sec. 14-105.1.
(a) Any active (and until February 1, 1993, any
former) member of the General Assembly Retirement System may apply for
transfer of his credits and creditable service accumulated
under this System to the General Assembly System or a Fund established
under Article 5 or 12 of this Code. Such credits and creditable
service shall be transferred forthwith. Payment by this System to the General
Assembly Retirement System or the Fund established under Article 5 or 12
shall be made at the same time and shall consist of:
(1) the amounts accumulated to the credit of the applicant, including regular interest, |
Participation in this System as to any credits transferred under this
Section shall terminate on the date of transfer.
(b) An active (and until February 1, 1993, a former) member of the
General Assembly who has service credits and creditable service under the
System may establish additional service credits and creditable service for
periods during which he was an elected official and could have elected to
participate but did not so elect. Service credits and creditable service
may be established by payment to the System of an amount equal to the
contributions he would have made if he had elected to participate, plus
regular interest to the date of payment.
(c) An active (and until February 1, 1993, a former) member of the
General Assembly Retirement System may reinstate service and service
credits terminated upon receipt of a separation benefit, by payment to the
System of the amount of the separation benefit plus regular interest
thereon to the date of payment.
(Source: P.A. 86-27; 86-273; 86-1028; 86-1488; 87-794.)
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