Sec. 14-104.6. Service transferred from Article 16.

332 words·~2 min read·/il/chapter-40/act-5/14-104-6

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Sec. 14-104.6. Service transferred from Article 16. Service also includes the following:

(a)Any period as a teacher employed by the Department of Corrections for which credit was established under Article 16 of this Code, subject to the following conditions:

(1)the credits accrued for such employment under Article 16 have been transferred to this System; and

(2)the participant has contributed to this System an amount equal to

(A)employee contributions at the rate in effect for noncoordinated eligible creditable service at the date of membership in this System, based upon the salary in effect during such period of service, plus

(B)the employer's share of the normal cost under this System for each year that credit is being established, based on the salary in effect during such period of service, plus

(C)regular interest, compounded annually, from July 1, 1987 to the date of payment, less

(D)the amount transferred on behalf of the participant under Section 16-131.6.

(b)Any period as a security employee of the Department of Human Services, as defined in Section 14-110, for which credit was established under Article 16 of this Code, subject to the following conditions:

(1)the credits accrued for that employment under Article 16 have been transferred to this System; and

(2)the participant has contributed to this System an amount equal to

(A)employee contributions at the rate in effect for noncoordinated eligible creditable service at the date of membership in this System, based upon the salary in effect during the period of service, plus

(B)the employer's share of the normal cost under this System for each year that credit is being established, based on the salary in effect during the period of service, plus

(C)regular interest, compounded annually, from July 1, 2001 to the date of payment, less

(D)the amount transferred on behalf of the participant under Section 16-131.6.

(c)Credit established under this Section shall be deemed noncoordinated eligible creditable service as defined in Section 14-110.