40 ILCS 5/12-127.1
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-127.1)Sec. 12-127.1.     Transfer to General Assembly Retirement System.(a) Any active (and until April 1, 1993, any former) member of the  General Assembly Retirement System may apply for transfer of his credits  and creditable service accumulated under this Fund to the General Assembly  System.  Such credits and creditable service shall be transferred  forthwith.  Payment by this Fund to the General Assembly Retirement System  shall be made at the same time and shall consist of:(1) the amounts accumulated to the credit of the     applicant, including interest, on the books of the Fund on the date of transfer, but excluding any additional or optional credits, which credits shall be refunded to the applicant; and(2) municipality credits computed and credited under     this Article, including interest, on the books of the Fund on the date the member terminated service under the Fund.Participation in this Fund as to any credits transferred under this  Section shall terminate on the date of transfer.(b) An active (and until April 1, 1993, a former) member of the General  Assembly who has service credits and creditable service under the Fund 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 fund of an amount equal to the contributions he would have made  if he had elected to participate, plus interest to the date of payment.(c) An active (and until April 1, 1993, a former) member of the General  Assembly may reinstate service and service credits terminated upon receipt of a  separation benefit, by payment to the Fund of the amount of the separation  benefit plus interest thereon to the date of payment.(d) An active member of the General Assembly having no service credits  or creditable service in the Fund may establish service credit and  creditable service for periods during which he was employed by the board of  park commissioners or the retirement board but did not participate in the  Fund, by paying to the Fund prior to July 1, 1992 an amount equal to the  contributions he would have made if he had participated, plus interest  thereon at 6% per annum compounded annually from such period to the date of  payment.Any active member of the General Assembly may apply for transfer of his  credits and creditable service established under this subsection (d) to any  annuity and benefit fund established under Article 8 of this Act.  Such  credits and creditable service shall be transferred forthwith, together  with a payment from this Fund to the designated Article 8 fund consisting  of the amounts accumulated to the credit of the applicant under this  subsection (d), including the corresponding employer contributions and  interest, on the books of the Fund on the date of transfer.  Participation  in this Fund as to any credits transferred under this subsection shall  terminate on the date of transfer.    (Source: P.A. 86-1488; 87-1265.)