Senate Sponsors: MYERS,J. Short description: PEN CD-DNST FIRE-MILITARY SERV Synopsis of Bill as introduced: Amends the Downstate Firefighter Article of the Pension Code. Allows members to receive up to 24 months of credit for military service not preceded by employment, upon payment of the corresponding employee and employer contributions, plus interest. Provides for a reduced rate of interest 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 1176 cannot be determined as the number of officers who will purchase the military service credit is un- known. The fiscal impact to employers would be greatest if officers were allowed to purchase the service credit during the period of reduced interest. 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