92nd General Assembly
Status of SB0704
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 Full Text  Bill Summary

   40 ILCS 5/3-110           from Ch. 108 1/2, par. 3-110                      
   30 ILCS 805/8.25 new                                                        

        Amends the Downstate Police Article of the Illinois Pension Code       
   to allow purchase of service credit for up to 2 years of military           
   service not immediately preceded by employment. Allows purchase at a        
   reduced interest rate for 6 months. Amends the State Mandates Act to        
   require implementation without reimbursement. Effective immediately.        
          PENSION NOTE (Pension Laws Commission)                               
          The fiscal impact of SB 704 cannot be determined as the              
          number of members who will purchase the military service             
          credit is unknown. For some employees, the employee contri-          
          butions required by SB 704 may not cover the entire cost             
          of the purchased military service credit.                            
   FEB-21-2001  S  FIRST READING                                                  
   FEB-21-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   FEB-28-2001  S       ASSIGNED TO COMMITTEE               INS & PENS.           
   MAR-01-2001  S                        PENSION NOTE FILED AS INTRODUCED         
   MAR-06-2001  S       TO SUBCOMMITTEE                                           
   MAR-06-2001  S                   COMMITTEE               INS & PENS.           
   MAR-31-2001  S  RE-REFERRED TO RULES COMM/RULE 3-9(A)    RULES                 
   NOV-19-2002  S  ADDED AS A CHIEF CO-SPONSOR              LINK                  
   JAN-07-2003  S  SESSION SINE DIE                                               


 Full Text  Bill Summary