Senate Sponsors: PHILIP. Short description: PEN CD-DNST POL-PORTABILITY Synopsis of Bill as introduced: Amends the Downstate Police Article of the Pension Code in relation to the transfer of credits between pension funds. Deletes the additional (true cost) contribution. Removes the 2-year service requirement. Changes the manner of calculating the amount of contributions and interest to be transferred to the new pension fund. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) The fiscal impact of SB 944 cannot be determined, as it de- pends on the amount of service credit transferred between funds. The fiscal impact of eliminating the "true cost" em- ployee contribution could be significant. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status