PEN CD-SERS-MILITARY INTEREST
Synopsis of Bill as introduced:
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.
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