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r <br /> . ' . ' <br /> . � COUNCIL MEMORANDUM <br /> No. 93-18 <br /> March 25, 1993 <br /> TO: Honorable Mayor and City Council Members <br /> /� <br /> FROM: James C. Ba�n, Jr. , City Manager <br /> RE: IMRF Credits for Out-of-State Service <br /> The Illinois Pension Code permits municipal employees, under <br /> certain circumstances and with Council approval, to use service <br /> time for an out-of-state governmental unit to be credited toward <br /> an Illinois pension. The employee must have irrevocably <br /> forfeited all rights to benefits in the prior, out-of-state <br /> pension system, and the employee must further make a payment or <br /> contribution for such prior service to the Illinois Municipal <br /> Retirement Fund. <br /> David Clark has fifteen months of prior service with the I�� <br /> State of New York. He also has 6 years 10 months of IMRF service <br /> to the City. Permitting him to exercise this pension option will j <br /> allow him to become fully vested in IMRF and I support this I <br /> request. I <br /> JCB:ps <br />