Statutes, codes, and regulations
Illinois Compiled Statutes
GOVERNMENTChapter 40 - PENSIONSAct 5 - ILLINOIS PENSION CODE
Article 11 - LABORERS AND RETIREMENT BOARD EMPLOYEES ANNUITY AND BENEFIT FUND--CITIES OVER 500,000 INHABITANTS
Section 40 ILCS 5/11-125.7 - Transfer to Article 18 system

40 ILCS 5/11-125.7

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Current through Public Act 103-1052
Section 40 ILCS 5/11-125.7 - Transfer to Article 18 system

Any active member of the Judges Retirement System who is eligible to transfer service credit to that System from this Fund under subsection (g) of Section 18-112 may apply for transfer of that service credit to the Judges Retirement System. The credits and creditable service shall be transferred upon application, and shall include payment by this Fund to the Judges Retirement System of:

(1) the amounts accumulated to the credit of the applicant for that service, including interest, on the books of the Fund on the date of transfer; and
(2) the corresponding employer credits computed and credited for that service under this Article, including interest, on the books of the Fund on the date of transfer.

Participation in this Fund as to the credits transferred under this Section shall terminate on the date of transfer.

40 ILCS 5/11-125.7

P.A. 87-1265.