Personnel and Pensions Committee
Filed: 5/14/2009
 
 

 




 

 		












09600SB1292ham002

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AMENDMENT TO SENATE BILL 1292 




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    AMENDMENT NO. ______. Amend Senate Bill 1292, AS AMENDED, 
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with reference to page and line numbers of House Amendment No. 
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1, by replacing line 21 on page 4 through line 4 on page 5 with 
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the following:
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    "(b) A member may establish creditable service, without 
7
making contributions, for periods of military service, as 
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defined in Section 2-109, provided that the person received a 
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discharge other than dishonorable, was a member within 6 months 
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prior to military service, and returned to service as a member 
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under this System within one year after discharge.
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    A member may purchase up to 2 years of military service not 
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immediately following service as a member under this System, by 
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paying to the System (1) employee contributions based on the 
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member's salary upon the first date as a member after the 
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military service, plus (2) an amount determined by the board to 
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be equal to the employer's normal cost of the benefit, plus (3) 
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interest on items (1) and (2) at the actuarially assumed rate 
 


 






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from the first date as a member after such military service to 
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the date of payment.
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    The total amount of creditable military service for any 
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member during his or her entire term of service shall not 
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exceed 5 years."; and
 
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on page 14, by replacing lines 2 through 10 with the following:
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    "(b) A member may establish creditable service, without 
8
making contributions, for periods of military service, as 
9
defined in Section 14-103.16, provided that the person received 
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a discharge other than dishonorable, was a member within 6 
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months prior to military service, and returned to service as a 
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member under this System within one year after discharge.
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    A member may purchase up to 2 years of military service not 
14
immediately following service as a member under this System, by 
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paying to the System (1) employee contributions based on the 
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member's salary upon the first date as a member after the 
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military service, plus (2) an amount determined by the board to 
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be equal to the employer's normal cost of the benefit, plus (3) 
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interest on items (1) and (2) at the actuarially assumed rate 
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from the first date as a member after such military service to 
21
the date of payment.
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    The total amount of creditable military service for any 
23
member during his or her entire term of service shall not 
24
exceed 5 years."; and


 
 


 






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on page 22, by replacing lines 11 through 19 with the 
2
following:
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    "(b) A participant may establish creditable service, 
4
without making contributions, for periods of military service, 
5
provided that the person received a discharge other than 
6
dishonorable, was a participant within 6 months prior to 
7
military service, and returned to service as a participant 
8
under this System within one year after discharge.
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    A participant may purchase up to 2 years of military 
10
service not immediately following service as a participant 
11
under this System, by paying to the System (1) employee 
12
contributions based on the participant's salary upon the first 
13
date as a participant after the military service, plus (2) an 
14
amount determined by the board to be equal to the employer's 
15
normal cost of the benefit, plus (3) interest on items (1) and 
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(2) at the actuarially assumed rate from the first date as a 
17
participant after such military service to the date of payment.
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    The total amount of creditable military service for any 
19
participant during his or her entire term of service shall not 
20
exceed 5 years."; and
 
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on page 31, by replacing lines 6 through 13 with the following:
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    "(b) A member may establish creditable service, without 
23
making contributions, for periods of military service, 
24
provided that the person received a discharge other than 
25
dishonorable, was a member within 6 months prior to military 
 


 






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service, and returned to service as a member under this System 
2
within one year after discharge.
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    A member may purchase up to 2 years of military service not 
4
immediately following service as a member under this System, by 
5
paying to the System (1) employee contributions based on the 
6
member's salary upon the first date as a member after the 
7
military service, plus (2) an amount determined by the board to 
8
be equal to the employer's normal cost of the benefit, plus (3) 
9
interest on items (1) and (2) at the actuarially assumed rate 
10
from the first date as a member after such military service to 
11
the date of payment.
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    The total amount of creditable military service for any 
13
member during his or her entire term of service shall not 
14
exceed 5 years."; and


 
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on page 35, line 15, by replacing "8%" with "7%"; and
 
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on page 39, by replacing lines 12 through 20 with the 
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following:
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    "(b) A participant may establish creditable service, 
19
without making contributions, for periods of military service, 
20
provided that the person received a discharge other than 
21
dishonorable, was a participant within 6 months prior to 
22
military service, and returned to service as a participant 
23
under this System within one year after discharge.
24
    A participant may purchase up to 2 years of military 
 


 






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1
service not immediately following service as a participant 
2
under this System, by paying to the System (1) employee 
3
contributions based on the participant's salary upon the first 
4
date as a participant after the military service, plus (2) an 
5
amount determined by the board to be equal to the employer's 
6
normal cost of the benefit, plus (3) interest on items (1) and 
7
(2) at the actuarially assumed rate from the first date as a 
8
participant after such military service to the date of payment.
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    The total amount of creditable military service for any 
10
participant during his or her entire term of service shall not 
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exceed 5 years.".