(a) A member who is a former member of the Employees' Pension System who was vested but whose membership in the Employees' Pension System terminated as a result of being laid off for nondisciplinary reasons may transfer service credit for eligibility service to the Correctional Officers' Retirement System if the member files with the Board of Trustees an executed waiver of all benefits to which the member may be entitled under the Employees' Pension System.

(b) Eligibility service transferred from the Employees' Pension System under subsection (a) of this section shall be transferred at the rate of 6 months of eligibility service in the Correctional Officers' Retirement System for each year of eligibility service in the Employees' Pension System.