CLAYBORNE AND WATSON. 40 ILCS 5/3-110 from Ch. 108 1/2, par. 3-110 30 ILCS 805/8.23 new Amends the Downstate Police Article of the Pension Code. Allows purchase of service credit for up to 2 years of military service not immediately preceded by employment; provides for a reduced interest rate if payment is made within a specified 6-month period. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) The impact of SB 86 cannot be determined as the number of members who will purchase the military service credit in un- known. For some employees, the employee contributions required may not cover the entire cost of the purchase. 99-01-27 S FIRST READING 99-01-27 S REFERRED TO SENATE RULES COMMITTEE RULES 99-02-03 S ASSIGNED TO COMMITTEE INS & PENS. 99-02-09 S PENSION NOTE FILED 99-03-02 S TO SUBCOMMITTEE 99-03-02 S COMMITTEE INS & PENS. 99-03-04 S ADDED AS A CO-SPONSOR WATSON 99-03-20 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES 01-01-09 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary