SMITH,MICHAEL. 40 ILCS 5/14-104 from Ch. 108 1/2, par. 14-104 Amends the State Employee Article of the Pension Code. Changes the method of calculating interest when purchasing service credit for certain periods of military service. Effective immediately. PENSION IMPACT NOTE(Pension Laws Commission) Assuming 50% of eligible SERS members with prior military service purchased the credit, it is estimated accrued lia- bility would increase by $10.0 M. 98-02-17 H FILED WITH CLERK 98-02-17 H FIRST READING 98-02-17 H REFERRED TO HOUSE RULES COMMITTEE RULES 98-03-27 H PENSION NOTE FILED 98-03-27 H COMMITTEE RULES 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary