40 ILCS 5/8-230
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 8 - Municipal Employees', Officers', And Officials' Annuity And Benefit Fund--Cities Over 500,000 Inhabitants

 (from Ch. 108 1/2, par. 8-230)Sec. 8-230.         Right of employee to contribute for all periods of  service.  An employee may contribute to the fund for all periods of  service (including periods served in the armed forces of the United  States if he left the service of the employer to enter the armed forces  and returned to the service of the employer within 180 days after his  discharge from the armed service, and if the employer has not made such  payment on his behalf) except for those periods for which he received  credit in another annuity and benefit fund or pension fund in operation  in the city for the benefit of employees of the employer, rendered by him  to the employer after the effective date by virtue of appointment or  election to a position not covered by the provisions of this Article,  such amounts as he would have contributed for annuity purposes had  deductions from his salary been made for the purposes of the fund, at  the rates in effect and in accordance with the provisions relating to  future entrants and present employees during the period such service was  rendered.  Upon making such payments, he shall be credited with  concurrent city contributions at the rates in effect during the time  such service was rendered.  Such payments and concurrent city  contributions shall be made with interest at the effective rate and  shall, together with all other amounts contributed by or for such  employee, be considered in computing the annuities for him and his  widow, and any such service for which payment is made shall be counted  as service under this Article.Until the effective date of this amendatory Act of 1991,  in order that the foregoing service may be counted for the purposes  of Section 8-138, payment must be made in full while the employee is in  service; if payment in full is not made, any payments made on account  shall be refunded to him when he withdraws from service, or paid to his  widow if he is dead. If there is no widow, a refund shall be paid as  provided in this Article, with interest at the effective rate.  An  employee, however, may elect to have such partial payments, together  with the concurrent city contributions and interest, credited and  applied for age and service and widow's annuity, for himself and his  wife, on the assumption that the payments made shall apply beginning  with his earliest service, or his widow, if the employee dies in  service, may elect to have such amounts credited for widow's annuity  purposes, to the extent that they do not increase her annuity above that  which she could have received if her proportionate part of the payments  and related city contributions were included and considered, and an  annuity were fixed for her on the assumption her deceased husband had  continued in service at the rate of his final salary until he became age 65.Beginning on the effective date of this amendatory Act of 1991, an  employee who is still in service may elect to establish credit under this  Section for only a  fraction of the service that he or she is eligible to establish under this  Section.  In such cases, the credit established shall be deemed to relate  to the earliest service for which credit may be established, and shall be  counted for the purposes of Section 8-138.  However, in no event shall such  credit be granted until the corresponding employee contributions have been  paid.Beginning on the effective date of this amendatory Act of 1997,  any employee who is in service, or within 90 days after withdrawing from  service, or who is an active contributor to a participating system as defined  in the Retirement Systems Reciprocal Act, may make payments and establish  credit under this Section.    (Source: P.A. 90-31, eff. 6-27-97.)