CLAYBORNE-LINK. 40 ILCS 5/3-110 from Ch. 108 1/2, par. 3-110 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, with the approval of the municipality. Allows purchase at a reduced interest rate for 6 months. Effective immediately. PENSION NOTE (Pension Laws Commission) The fiscal impact of SB1020 cannot be determined as the number of officers who will purchase the military service credit is unknown. For some employees, the employee contributions requir- ed by SB 1020 may not cover the entire cost of purchased mili- tary service credit, which would result in a fiscal impact to the employer. FEB-22-2001 S FIRST READING FEB-22-2001 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 END OF INQUIRY Full Text Bill Summary