40 ILCS 5/3-110 from Ch. 108 1/2, par. 3-110
Amends the Downstate Police Article of the Illinois Pension Code
to allow purchase of service credit for up to 2 years of military
service not immediately preceded by employment, with the approval of
the municipality. Allows purchase at a reduced interest rate for 6
months. Effective immediately.
PENSION NOTE (Pension Laws Commission)
The fiscal impact of SB1020 cannot be determined as the number
of officers who will purchase the military service credit is
unknown. For some employees, the employee contributions requir-
ed by SB 1020 may not cover the entire cost of purchased mili-
tary service credit, which would result in a fiscal impact to
FEB-22-2001 S FIRST READING
FEB-22-2001 S REFERRED TO SENATE RULES COMMITTEE RULES
FEB-28-2001 S ASSIGNED TO COMMITTEE INS & PENS.
MAR-01-2001 S PENSION NOTE FILED AS INTRODUCED
MAR-06-2001 S TO SUBCOMMITTEE
MAR-06-2001 S COMMITTEE INS & PENS.
MAR-31-2001 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES
NOV-19-2002 S ADDED AS A CHIEF CO-SPONSOR LINK
JAN-07-2003 S SESSION SINE DIE
END OF INQUIRY
Full Text Bill Summary