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91_HB1894
LRB9104337EGfg
1 AN ACT to amend the Illinois Pension Code by changing
2 Section 14-104.10.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Pension Code is amended by
6 changing Section 14-104.10 as follows:
7 (40 ILCS 5/14-104.10)
8 Sec. 14-104.10. Federal or out-of-state employment. A
9 contributing employee may establish additional service credit
10 for periods of full-time employment by the federal government
11 or a unit of state or local government located outside
12 Illinois for which he or she does not qualify for credit
13 under any other provision of this Article, provided that (i)
14 the amount of service credit established by a person under
15 this Section shall not exceed 8 years or 40% of his or her
16 membership service under this Article, whichever is less,
17 (ii) the amount of service credit established by a person
18 under this Section for federal employment, when added to the
19 amount of all military service credit granted to the person
20 under this Article, shall not exceed 8 years, and (iii) any
21 credit received for the federal or out-of-state employment in
22 any federal or other public employee pension fund or
23 retirement system has been terminated or relinquished.
24 Credit may not be established under this Section for any
25 period of military service or for any period for which credit
26 has been or may be established under Section 14-110 or any
27 other provision of this Article.
28 In order to establish service credit under this Section,
29 the applicant must submit a written application to the System
30 by June 30, 1999, including documentation of the federal or
31 out-of-state employment satisfactory to the Board, and pay to
-2- LRB9104337EGfg
1 the System (1) employee contributions at the rates provided
2 in this Article based upon the person's salary on the last
3 day as a participating employee prior to the federal or
4 out-of-state employment, or on the first day as a
5 participating employee after that employment, whichever is
6 greater, plus (2) an amount determined by the Board to be
7 equal to the employer's normal cost of the benefits accrued
8 for that employment, plus (3) regular interest on items (1)
9 and (2) from the date of conclusion of the employment to the
10 date of payment.
11 (Source: P.A. 90-32, eff. 6-27-97; 90-655, eff. 7-30-98;
12 90-766, eff. 8-14-98.)
13 Section 99. Effective date. This Act takes effect upon
14 becoming law.