Full Text of SB1292 96th General Assembly
SB1292ham002 96TH GENERAL ASSEMBLY
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Personnel and Pensions Committee
Filed: 5/14/2009
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09600SB1292ham002 |
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LRB096 08007 AMC 26782 a |
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| AMENDMENT TO SENATE BILL 1292
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| AMENDMENT NO. ______. Amend Senate Bill 1292, AS AMENDED, | 3 |
| with reference to page and line numbers of House Amendment No. | 4 |
| 1, by replacing line 21 on page 4 through line 4 on page 5 with | 5 |
| the following: | 6 |
| " (b) A member may establish creditable service, without | 7 |
| making contributions, for periods of military service, as | 8 |
| defined in Section 2-109, provided that the person received a | 9 |
| discharge other than dishonorable, was a member within 6 months | 10 |
| prior to military service, and returned to service as a member | 11 |
| under this System within one year after discharge. | 12 |
| A member may purchase up to 2 years of military service not | 13 |
| immediately following service as a member under this System, by | 14 |
| paying to the System (1) employee contributions based on the | 15 |
| member's salary upon the first date as a member after the | 16 |
| military service, plus (2) an amount determined by the board to | 17 |
| be equal to the employer's normal cost of the benefit, plus (3) | 18 |
| interest on items (1) and (2) at the actuarially assumed rate |
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LRB096 08007 AMC 26782 a |
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| from the first date as a member after such military service to | 2 |
| the date of payment. | 3 |
| The total amount of creditable military service for any | 4 |
| member during his or her entire term of service shall not | 5 |
| exceed 5 years. "; and | 6 |
| on page 14, by replacing lines 2 through 10 with the following: | 7 |
| " (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 | 10 |
| a discharge other than dishonorable, was a member within 6 | 11 |
| months prior to military service, and returned to service as a | 12 |
| member under this System within one year after discharge. | 13 |
| A member may purchase up to 2 years of military service not | 14 |
| immediately following service as a member under this System, by | 15 |
| paying to the System (1) employee contributions based on the | 16 |
| member's salary upon the first date as a member after the | 17 |
| military service, plus (2) an amount determined by the board to | 18 |
| be equal to the employer's normal cost of the benefit, plus (3) | 19 |
| interest on items (1) and (2) at the actuarially assumed rate | 20 |
| from the first date as a member after such military service to | 21 |
| the date of payment. | 22 |
| 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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LRB096 08007 AMC 26782 a |
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| on page 22, by replacing lines 11 through 19 with the | 2 |
| following: | 3 |
| " (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. | 9 |
| 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 | 16 |
| (2) at the actuarially assumed rate from the first date as a | 17 |
| participant after such military service to the date of payment. | 18 |
| 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 | 21 |
| on page 31, by replacing lines 6 through 13 with the following: | 22 |
| " (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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LRB096 08007 AMC 26782 a |
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| service, and returned to service as a member under this System | 2 |
| within one year after discharge. | 3 |
| 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. | 12 |
| 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 | 16 |
| on page 39, by replacing lines 12 through 20 with the | 17 |
| following: | 18 |
| " (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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09600SB1292ham002 |
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LRB096 08007 AMC 26782 a |
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| 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. | 9 |
| The total amount of creditable military service for any | 10 |
| participant during his or her entire term of service shall not | 11 |
| exceed 5 years. ".
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