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91_HB1077
LRB9104329EGfg
1 AN ACT to amend the Illinois Pension Code.
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
12 Local Governmental Law Enforcement Officers Training
13 Standards Board, if completion of that training is required
14 of persons serving in that position. For the purposes of
15 this Code, service during the required basic police training
16 course shall be deemed performance of the duties of the
17 specified position, even though the person is not a sworn
18 peace officer at the time of the training.
19 (c) For the purposes of this Section:
20 (1) The term "state policeman" includes any title
21 or position in the Department of State Police that is
22 held by an individual employed under the State Police
23 Act.
24 (2) The term "fire fighter in the fire protection
25 service of a department" includes all officers in such
26 fire protection service including fire chiefs and
27 assistant fire chiefs.
28 (3) The term "air pilot" includes any employee
29 whose official job description on file in the Department
30 of Central Management Services, or in the department by
31 which he is employed if that department is not covered by
32 the Personnel Code, states that his principal duty is the
33 operation of aircraft, and who possesses a pilot's
34 license; however, the change in this definition made by
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1 this amendatory Act of 1983 shall not operate to exclude
2 any noncovered employee who was an "air pilot" for the
3 purposes of this Section on January 1, 1984.
4 (4) The term "special agent" means any person who
5 by reason of employment by the Division of Narcotic
6 Control, the Bureau of Investigation or, after July 1,
7 1977, the Division of Criminal Investigation, the
8 Division of Internal Investigation or any other Division
9 or organizational entity in the Department of State
10 Police is vested by law with duties to maintain public
11 order, investigate violations of the criminal law of this
12 State, enforce the laws of this State, make arrests and
13 recover property. The term "special agent" includes any
14 title or position in the Department of State Police that
15 is held by an individual employed under the State Police
16 Act.
17 (5) The term "investigator for the Secretary of
18 State" means any person employed by the Office of the
19 Secretary of State and vested with such investigative
20 duties as render him ineligible for coverage under the
21 Social Security Act by reason of Sections 218(d)(5)(A),
22 218(d)(8)(D) and 218(l)(1) of that Act.
23 A person who became employed as an investigator for
24 the Secretary of State between January 1, 1967 and
25 December 31, 1975, and who has served as such until
26 attainment of age 60, either continuously or with a
27 single break in service of not more than 3 years
28 duration, which break terminated before January 1, 1976,
29 shall be entitled to have his retirement annuity
30 calculated in accordance with subsection (a),
31 notwithstanding that he has less than 20 years of credit
32 for such service.
33 (6) The term "Conservation Police Officer" means
34 any person employed by the Division of Law Enforcement of
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1 the Department of Natural Resources and vested with such
2 law enforcement duties as render him ineligible for
3 coverage under the Social Security Act by reason of
4 Sections 218(d)(5)(A), 218(d)(8)(D), and 218(l)(1) of
5 that Act. The term "Conservation Police Officer"
6 includes the positions of Chief Conservation Police
7 Administrator and Assistant Conservation Police
8 Administrator.
9 (7) The term "investigator for the Department of
10 Revenue" means any person employed by the Department of
11 Revenue and vested with such investigative duties as
12 render him ineligible for coverage under the Social
13 Security Act by reason of Sections 218(d)(5)(A),
14 218(d)(8)(D) and 218(l)(1) of that Act.
15 (8) The term "security employee of the Department
16 of Human Services" means any person employed by the
17 Department of Human Services who is employed at the
18 Chester Mental Health Center and has daily contact with
19 the residents thereof, or who is a mental health police
20 officer. "Mental health police officer" means any person
21 employed by the Department of Human Services in a
22 position pertaining to the Department's mental health and
23 developmental disabilities functions who is vested with
24 such law enforcement duties as render the person
25 ineligible for coverage under the Social Security Act by
26 reason of Sections 218(d)(5)(A), 218(d)(8)(D) and
27 218(l)(1) of that Act.
28 (9) "Central Management Services security police
29 officer" means any person employed by the Department of
30 Central Management Services who is vested with such law
31 enforcement duties as render him ineligible for coverage
32 under the Social Security Act by reason of Sections
33 218(d)(5)(A), 218(d)(8)(D) and 218(l)(1) of that Act.
34 (10) The term "security employee of the Department
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1 of Corrections" means any employee of the Department of
2 Corrections or the former Department of Personnel, and
3 any member or employee of the Prisoner Review Board, who
4 has daily contact with inmates by working within a
5 correctional facility or who is a parole officer or an
6 employee who has direct contact with committed persons in
7 the performance of his or her job duties.
8 (11) The term "dangerous drugs investigator" means
9 any person who is employed as such by the Department of
10 Human Services.
11 (12) The term "investigator for the Department of
12 State Police" means a person employed by the Department
13 of State Police who is vested under Section 4 of the
14 Narcotic Control Division Abolition Act with such law
15 enforcement powers as render him ineligible for coverage
16 under the Social Security Act by reason of Sections
17 218(d)(5)(A), 218(d)(8)(D) and 218(l)(1) of that Act.
18 (13) "Investigator for the Office of the Attorney
19 General" means any person who is employed as such by the
20 Office of the Attorney General and is vested with such
21 investigative duties as render him ineligible for
22 coverage under the Social Security Act by reason of
23 Sections 218(d)(5)(A), 218(d)(8)(D) and 218(l)(1) of that
24 Act. For the period before January 1, 1989, the term
25 includes all persons who were employed as investigators
26 by the Office of the Attorney General, without regard to
27 social security status.
28 (14) "Controlled substance inspector" means any
29 person who is employed as such by the Department of
30 Professional Regulation and is vested with such law
31 enforcement duties as render him ineligible for coverage
32 under the Social Security Act by reason of Sections
33 218(d)(5)(A), 218(d)(8)(D) and 218(l)(1) of that Act.
34 The term "controlled substance inspector" includes the
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1 Program Executive of Enforcement and the Assistant
2 Program Executive of Enforcement.
3 (15) The term "investigator for the Office of the
4 State's Attorneys Appellate Prosecutor" means a person
5 employed in that capacity on a full time basis under the
6 authority of Section 7.06 of the State's Attorneys
7 Appellate Prosecutor's Act.
8 (16) "Commerce Commission police officer" means any
9 person employed by the Illinois Commerce Commission who
10 is vested with such law enforcement duties as render him
11 ineligible for coverage under the Social Security Act by
12 reason of Sections 218(d)(5)(A), 218(d)(8)(D), and
13 218(l)(1) of that Act.
14 (17) "Arson investigator" means any person who is
15 employed as such by the Office of the State Fire Marshal
16 and is vested with such law enforcement duties as render
17 the person ineligible for coverage under the Social
18 Security Act by reason of Sections 218(d)(5)(A),
19 218(d)(8)(D), and 218(l)(1) of that Act. A person who
20 was employed as an arson investigator on January 1, 1995
21 and is no longer in service but not yet receiving a
22 retirement annuity may convert his or her creditable
23 service for employment as an arson investigator into
24 eligible creditable service by paying to the System the
25 difference between the employee contributions actually
26 paid for that service and the amounts that would have
27 been contributed if the applicant were contributing at
28 the rate applicable to persons with the same social
29 security status earning eligible creditable service on
30 the date of application.
31 (d) A security employee of the Department of
32 Corrections, and a security employee of the Department of
33 Human Services who is not a mental health police officer,
34 shall not be eligible for the alternative retirement annuity
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1 provided by this Section unless he or she meets the following
2 minimum age and service requirements at the time of
3 retirement:
4 (i) 25 years of eligible creditable service and age
5 55; or
6 (ii) beginning January 1, 1987, 25 years of
7 eligible creditable service and age 54, or 24 years of
8 eligible creditable service and age 55; or
9 (iii) beginning January 1, 1988, 25 years of
10 eligible creditable service and age 53, or 23 years of
11 eligible creditable service and age 55; or
12 (iv) beginning January 1, 1989, 25 years of
13 eligible creditable service and age 52, or 22 years of
14 eligible creditable service and age 55; or
15 (v) beginning January 1, 1990, 25 years of eligible
16 creditable service and age 51, or 21 years of eligible
17 creditable service and age 55; or
18 (vi) beginning January 1, 1991, 25 years of
19 eligible creditable service and age 50, or 20 years of
20 eligible creditable service and age 55.
21 Persons who have service credit under Article 16 of this
22 Code for service as a security employee of the Department of
23 Corrections in a position requiring certification as a
24 teacher may count such service toward establishing their
25 eligibility under the service requirements of this Section;
26 but such service may be used only for establishing such
27 eligibility, and not for the purpose of increasing or
28 calculating any benefit.
29 (e) If a member enters military service while working in
30 a position in which eligible creditable service may be
31 earned, and returns to State service in the same or another
32 such position, and fulfills in all other respects the
33 conditions prescribed in this Article for credit for military
34 service, such military service shall be credited as eligible
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1 creditable service for the purposes of the retirement annuity
2 prescribed in this Section.
3 (f) For purposes of calculating retirement annuities
4 under this Section, periods of service rendered after
5 December 31, 1968 and before October 1, 1975 as a covered
6 employee in the position of special agent, conservation
7 police officer, mental health police officer, or investigator
8 for the Secretary of State, shall be deemed to have been
9 service as a noncovered employee, provided that the employee
10 pays to the System prior to retirement an amount equal to (1)
11 the difference between the employee contributions that would
12 have been required for such service as a noncovered employee,
13 and the amount of employee contributions actually paid, plus
14 (2) if payment is made after July 31, 1987, regular interest
15 on the amount specified in item (1) from the date of service
16 to the date of payment.
17 For purposes of calculating retirement annuities under
18 this Section, periods of service rendered after December 31,
19 1968 and before January 1, 1982 as a covered employee in the
20 position of investigator for the Department of Revenue shall
21 be deemed to have been service as a noncovered employee,
22 provided that the employee pays to the System prior to
23 retirement an amount equal to (1) the difference between the
24 employee contributions that would have been required for such
25 service as a noncovered employee, and the amount of employee
26 contributions actually paid, plus (2) if payment is made
27 after January 1, 1990, regular interest on the amount
28 specified in item (1) from the date of service to the date of
29 payment.
30 (g) A State policeman may elect, not later than January
31 1, 1990, to establish eligible creditable service for up to
32 10 years of his service as a policeman under Article 3, by
33 filing a written election with the Board, accompanied by
34 payment of an amount to be determined by the Board, equal to
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1 (i) the difference between the amount of employee and
2 employer contributions transferred to the System under
3 Section 3-110.5, and the amounts that would have been
4 contributed had such contributions been made at the rates
5 applicable to State policemen, plus (ii) interest thereon at
6 the effective rate for each year, compounded annually, from
7 the date of service to the date of payment.
8 Subject to the limitation in subsection (i), a State
9 policeman may elect, not later than July 1, 1993, to
10 establish eligible creditable service for up to 10 years of
11 his service as a member of the County Police Department under
12 Article 9, by filing a written election with the Board,
13 accompanied by payment of an amount to be determined by the
14 Board, equal to (i) the difference between the amount of
15 employee and employer contributions transferred to the System
16 under Section 9-121.10 and the amounts that would have been
17 contributed had those contributions been made at the rates
18 applicable to State policemen, plus (ii) interest thereon at
19 the effective rate for each year, compounded annually, from
20 the date of service to the date of payment.
21 Subject to the limitation in subsection (i), any active
22 member of the System who is employed in a position for which
23 he or she earns eligible creditable service may elect to
24 establish eligible creditable service for up to 12 years of
25 his or her service as a policeman under Article 3 or 5, a
26 sheriff's law enforcement employee under Article 7, a member
27 of the County Police Department under Article 9, or a police
28 officer under Article 15 by filing a written election with
29 the Board and paying to the System no later than the day of
30 withdrawal an amount to be determined by the System, equal to
31 the deficiency, if any, between (i) the amount transferred to
32 the System under Section 3-110.6, 5-236, 7-139.8, 9-121.10,
33 or 15-134.6 and (ii) the amount that would have been
34 contributed to the System had employer and employee
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1 contributions been made for the transferred service at the
2 rates applicable to State policemen, including interest
3 thereon at the effective rate for each year, compounded
4 annually, from the date of service to the date of payment.
5 (h) (Blank). Subject to the limitation in subsection
6 (i), a State policeman or investigator for the Secretary of
7 State may elect to establish eligible creditable service for
8 up to 12 years of his service as a policeman under Article 5,
9 by filing a written election with the Board on or before
10 January 31, 1992, and paying to the System by January 31,
11 1994 an amount to be determined by the Board, equal to (i)
12 the difference between the amount of employee and employer
13 contributions transferred to the System under Section 5-236,
14 and the amounts that would have been contributed had such
15 contributions been made at the rates applicable to State
16 policemen, plus (ii) interest thereon at the effective rate
17 for each year, compounded annually, from the date of service
18 to the date of payment.
19 Subject to the limitation in subsection (i), a State
20 policeman, conservation police officer, or investigator for
21 the Secretary of State may elect to establish eligible
22 creditable service for up to 10 years of service as a
23 sheriff's law enforcement employee under Article 7, by filing
24 a written election with the Board on or before January 31,
25 1993, and paying to the System by January 31, 1994 an amount
26 to be determined by the Board, equal to (i) the difference
27 between the amount of employee and employer contributions
28 transferred to the System under Section 7-139.7, and the
29 amounts that would have been contributed had such
30 contributions been made at the rates applicable to State
31 policemen, plus (ii) interest thereon at the effective rate
32 for each year, compounded annually, from the date of service
33 to the date of payment.
34 (i) The total amount of eligible creditable service
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1 established by any person under subsections (g), (h), (j),
2 (k), and (l) of this Section shall not exceed 12 years.
3 (j) (Blank). Subject to the limitation in subsection
4 (i), an investigator for the Office of the State's Attorneys
5 Appellate Prosecutor or a controlled substance inspector may
6 elect to establish eligible creditable service for up to 10
7 years of his service as a policeman under Article 3 or a
8 sheriff's law enforcement employee under Article 7, by filing
9 a written election with the Board, accompanied by payment of
10 an amount to be determined by the Board, equal to (1) the
11 difference between the amount of employee and employer
12 contributions transferred to the System under Section 3-110.6
13 or 7-139.8, and the amounts that would have been contributed
14 had such contributions been made at the rates applicable to
15 State policemen, plus (2) interest thereon at the effective
16 rate for each year, compounded annually, from the date of
17 service to the date of payment.
18 (k) Subject to the limitation in subsection (i) of this
19 Section, an alternative formula employee may elect to
20 establish eligible creditable service for periods spent as a
21 full-time law enforcement officer or full-time corrections
22 officer employed by the federal government or by a state or
23 local government located outside of Illinois, for which
24 credit is not held in any other public employee pension fund
25 or retirement system. To obtain this credit, the applicant
26 must file a written application with the Board by March 31,
27 1998, accompanied by evidence of eligibility acceptable to
28 the Board and payment of an amount to be determined by the
29 Board, equal to (1) employee contributions for the credit
30 being established, based upon the applicant's salary on the
31 first day as an alternative formula employee after the
32 employment for which credit is being established and the
33 rates then applicable to alternative formula employees, plus
34 (2) an amount determined by the Board to be the employer's
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1 normal cost of the benefits accrued for the credit being
2 established, plus (3) regular interest on the amounts in
3 items (1) and (2) from the first day as an alternative
4 formula employee after the employment for which credit is
5 being established to the date of payment.
6 (l) (Blank). Subject to the limitation in subsection
7 (i), a security employee of the Department of Corrections may
8 elect, not later than July 1, 1998, to establish eligible
9 creditable service for up to 10 years of his or her service
10 as a policeman under Article 3, by filing a written election
11 with the Board, accompanied by payment of an amount to be
12 determined by the Board, equal to (i) the difference between
13 the amount of employee and employer contributions transferred
14 to the System under Section 3-110.5, and the amounts that
15 would have been contributed had such contributions been made
16 at the rates applicable to security employees of the
17 Department of Corrections, plus (ii) interest thereon at the
18 effective rate for each year, compounded annually, from the
19 date of service to the date of payment.
20 (Source: P.A. 89-136, eff. 7-14-95; 89-445, eff. 2-7-96;
21 89-507, eff. 7-1-97; 90-32, eff. 6-27-97; revised 7-10-98.)
22 (40 ILCS 5/15-134.6 new)
23 Sec. 15-134.6. Transfer of certain creditable service to
24 the Article 14 retirement system.
25 (a) An active member of the Article 14 retirement system
26 who is employed in a position for which he or she earns
27 eligible creditable service as defined in Section 14-110 of
28 this Code may transfer all or a portion of his or her
29 creditable service accumulated under this System for service
30 as a police officer to the Article 14 retirement system in
31 accordance with Section 14-110. The transfer of creditable
32 service shall be accompanied by payment from this System to
33 the Article 14 retirement system of:
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1 (1) the amounts credited to the applicant for the
2 service to be transferred through employee contributions,
3 including interest, as of the date of transfer; and
4 (2) employer contributions equal to the amount
5 determined under item (1); and
6 (3) any interest paid by the applicant in order to
7 reinstate the service to be transferred.
8 Participation in this System with respect to the transferred
9 service shall terminate on the date of transfer.
10 (b) A person transferring creditable service under
11 subsection (a) may reinstate service that was terminated by
12 receipt of a refund, by paying to the System the amount of
13 the refund plus interest thereon at the effective rate from
14 the date of the refund to the date of payment.
15 (40 ILCS 5/3-110.5 rep.)
16 (40 ILCS 5/7-139.7 rep.)
17 Section 10. The Illinois Pension Code is amended by
18 repealing Sections 3-110.5 and 7-139.7.
19 Section 99. Effective date. This Act takes effect upon
20 becoming law.