SMITH,MICHAEL, GRANBERG, SCOTT, BRUNSVOLD AND PHELPS.
PEN CD-IMRF-MILITARY SERVICE
Synopsis of Bill as introduced:
Amends the Illinois Municipal Retirement Fund (IMRF) Article of
the Pension Code. Allows members and retirees to receive up to 24
months of credit for military service not preceded by employment upon
payment of the corresponding employee and employer contributions.
Requires employer approval. Amends the State Mandates Act to require
implementation without reimbursement. Effective immediately.
PENSION IMPACT NOTE
The cost is unknown but is not expected to be significant.
PENSION IMPACT NOTE, REVISED
The fiscal impact of HB 716 cannot be estimated, since the
amount of military service credit that may be established is
Last action on Bill: SESSION SINE DIE
Last action date: 99-01-12
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status