PEN CD-SERVICE CREDIT

Amends the Illinois Pension Code. In the Downstate Firefighter Article, provides that an active member of the State Employees' Retirement System (SERS) who is an arson investigator may apply to transfer to SERS his or her credits and creditable service accumulated in any downstate firefighter pension fund. In the IMRF Article, provides that an active member of SERS who is a Commerce Commission police officer may apply to transfer to SERS his or her credits and creditable service in IMRF as a sheriff's law enforcement employee, person employed by a participating municipality to perform police duties, or law enforcement officer employed on a full-time basis by a forest preserve district. In the State Employees Article, provides that a State policeman, arson investigator, or Commerce Commission police officer may elect to establish eligible creditable service under the alternative retirement annuity formula for up to 5 years of service as a person employed by a participating municipality to perform police duties under IMRF, a county corrections officer, or a court services officer under the Cook County Article by filing a written application with the Board and making a specified contribution. Provides that a State policeman may elect to convert service credit earned under the Article to eligible creditable service under the alternative retirement annuity formula by filing a written election with the Board and making a specified contribution. Provides that the conversion of service credit to eligible creditable service is not subject to provisions that limit the amount of eligible creditable service that may be established to 12 years. Makes other changes. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.