92nd General Assembly
Status of SB1532
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 Full Text  Bill Summary

   40 ILCS 5/15-113.3        from Ch. 108 1/2, par. 15-113.3                   

        Amends the State Universities Article  of  the  Illinois  Pension      
   Code.    Changes  the  method  of calculating interest when purchasing      
   service credit for certain periods  of  military  service.   Effective      
          PENSION NOTE (Pension Laws Commission)                               
          The fiscal impact of SB 1532 has not been calculated, as the         
          number of members with eligible military service is unknown.         
          However, there would be a fiscal impact as the interest is           
          calculated for only the last ten years.                              
   NOV-14-2001  S  FIRST READING                                                  
   NOV-14-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   JAN-09-2002  S                        PENSION NOTE FILED AS INTRODUCED         
   JAN-09-2002  S                   COMMITTEE               RULES                 
   JAN-07-2003  S  SESSION SINE DIE                                               


 Full Text  Bill Summary