90th General Assembly
Summary of HB3584
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House Sponsors:

Short description: 
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

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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