PENCD-SERS-ALTERNATIVE ANNUITY

Amends the General Provisions and State Employees Articles of the Illinois Pension Code. Provides that the alternative retirement annuity under the State Employees Article applies to a conservation police officer, investigator for the Secretary of State, or arson investigator subject to the Tier 2 provisions. Provides that a conservation police officer, investigator for the Secretary of State, or arson investigator subject to the Tier 2 provisions may convert up to 8 years of service credit established before the effective date of the amendatory Act as a conservation police officer, investigator for the Secretary of State, or arson investigator under the State Employees Article into eligible creditable service by filing a written election with the Board under that Article, accompanied by a specified payment. Effective immediately.