Re-establishment of Dissolved Pension Fund – Reinstate Service in an Article 3 Police Pension Fund

Section 4439.80  Re-establishment of Dissolved Pension Fund – Reinstate Service in an Article 3 Police Pension Fund a)         The corporate authorities of a municipality in which an Article 3 police pension fund has been dissolved in accordance with Section 3-144.6 shall temporarily re-establish the pension fund if a former police officer's reinstatement of creditable service is required under Section 3-110.7(b) of the Code and 50 Ill. Adm. Code 4404. b)         Upon receipt of notification by the municipality of the former police officer's intent to transfer creditable service under Section 3-110(d) of the Code, as required in 50 Ill. Adm. Code 4404.60, the municipality shall provide the former officer and the former officer's current pension fund with the information required of the prior fund in 50 Ill. Adm. Code 4404.70, as if the municipality was the prior pension fund. c)         When the municipality receives a final authorization to transfer creditable service from the former officer's current pension fund, as required by 50 Ill. Adm. Code 4404.100, and the repayment of the refund with interest from the former officer as required in 50 Ill. Adm. Code 4404.90(a)(1), the municipality must transfer the designated creditable service time to the former police officer's current pension fund, along with all monies required to be transferred pursuant to 50 Ill. Adm. Code 4404.100(b). d)         Upon the municipality's payment of all monies prescribed to the former police officer's current pension fund, the temporarily re-established police pension fund shall be considered dissolved.