Illinois General Assembly - Bill Status for HB1562

Synopsis As Introduced
Amends the Illinois Pension Code. In the Downstate Teacher and Chicago Teacher Articles, provides that a participant may establish, without paying contributions, up to 5 years of credit for military service immediately following employment, and removes certain restrictions relating to wartime. In those Articles and the State Employee and State Universities Articles, changes the method of calculating interest when establishing credit for military service not immediately following employment. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

	Pension Note (Pension Laws Commission)
	The fiscal impact of HB 1562 cannot be calculated as the amount of service credit that would be established is unknown, but is estimated to be minor.

Actions

Date	Chamber	Action
2/7/2003	House	Filed with the Clerk by Rep. Michael K. Smith
2/10/2003	House	First Reading
2/10/2003	House	Referred to Rules Committee
2/11/2003	House	Assigned to Executive Committee
2/20/2003	House	Pension Note Filed
3/13/2003	House	Rule 19(a) / Re-referred to Rules Committee
1/11/2005	House	Session Sine Die

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