Illinois Administrative Code
Title 50 - INSURANCE
Part 4404 - PORTABILITY OF CREDITABLE SERVICE TIME FOR DOWNSTATE AND SUBURBAN POLICE PENSION FUNDS
Section 4404.130 - Current Pension Fund Reporting Requirements
Current through Register Vol. 48, No. 12, March 22, 2024
Within 30 days after the designated creditable service time has been transferred to the current pension fund, the current pension fund must file a report with the Pension Division. The report must contain the following:
a) The name and FEIN of the current pension fund to which creditable service time was transferred;
b) The name and FEIN of the prior pension fund from which creditable service time was transferred;
c) The name and Social Security Number of the officer for whom creditable service time was transferred;
d) The beginning and ending dates for all periods of creditable service time transferred;
e) The reduced creditable service time credited to the current pension fund, if applicable;
f) The amount transferred from the prior pension fund, including a breakdown of the total to include:
g) The date that the designated creditable service time was transferred;
h) The true cost of transferred creditable service time;
i) If the actuarial accrued liability and reserve amounts used in determining the true cost of transferring creditable service time were calculated by a qualified actuary pursuant to Section 4404.50(d)(2) of this Part, an actuarial certification must be filed by the current pension fund and must contain a statement that the actuarial accrued liabilities, or reserves, were calculated by the undersigned actuary in compliance with Section 4404.50(a), (b) and (c) of this Part; and
j) The current pension fund must provide a copy of the agreed to payment schedule, if applicable, which must identify: