Bill Status of SB1234 100th General Assembly
Short Description: PENCD-SERS-MILITARY SERVICE
Sen. Wm. Sam McCann
| 3/17/2017||Senate||Rule 3-9(a) / Re-referred to Assignments|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the State Employee Article of the Illinois Pension Code. In a provision relating to purchasing service credit for certain military service, deletes the requirement of paying an additional amount representing the employer's normal cost of the benefit plus interest. Provides that this change does not entitle any person to a refund of contributions or interest already paid. Excludes the change from the definition of "new benefit increase". Effective immediately.