50 Ill. Adm. Code 4439.90
Re-establishment of Dissolved Pension Fund – Reinstate Service in an Article 4 Firefighters Pension Fund
Section 4439.90 Re-establishment of Dissolved Pension
Fund – Reinstate Service in an Article 4 Firefighters Pension Fund
a) The
corporate authorities of a municipality in which an Article 4 firefighters'
pension fund has been dissolved in accordance with Section 4-106.1 of the Code shall
re-establish the pension fund if a former firefighter's reinstatement of
creditable service is required under Section 4-109.3(g) of the Code.
b) Benefits under Section 4-109.3
of the Code
1) A
former firefighter who wants to receive benefits under Section 4-109.3 of the
Code shall submit to the municipality:
A) notification
of the intent to receive benefits, as required by Section 4-109.3(h) of the
Code;
B) payment
of the amount of refund received from the firefighter, with interest, as
required by Section 4-109.3(g) of the Code; and
C) the
additional contribution, with interest, required under Section 4-109.3(i) of
the Code.
2) When
the firefighter has adequately complied with the requirements of subsection
(b)(1), the municipality shall re-establish the firefighters' pension fund in
the same manner as it was originally established under Section 4-101 of the
Code.
c) The
board of trustees for the re-established pension fund created under subsections
(a) and (b) shall consist of the former firefighter and two members appointed
by the mayor or president of the board of trustees of the municipality or fire
protection district involved. If two or three former firefighters reinstate
creditable service in the re-established pension fund, those former
firefighters shall sit on the board of trustees with the two appointed members.
If more than three former firefighters reinstate creditable service in the re-established
pension fund, or the municipality hires a full time firefighter, the board of
trustees shall be created in the manner prescribed in Section 4-121 of the
Code.