House Sponsors: SMITH,MICHAEL-KLINGLER. Short description: PEN CD-SERS-SERVICE TRANSFERS Synopsis of Bill as introduced: Amends the Illinois Pension Code. Authorizes an active member of the State Employees' Retirement System who is employed in a position for which he or she earns eligible creditable service to transfer to that System up to 12 years of creditable service accumulated under Article 3, 5, 7, 9, or 15 for service as a police officer. Requires payment of the difference between the amount of contributions and interest transferred to the System and the amounts that would have been contributed if the credit had been earned in the System, plus interest; allows payment at any time before withdrawal. Also deletes obsolete material. Effective immediately. PENSION NOTE (Illinois Pension Laws Commission) The fiscal impact of HB519 cannot be determined because the amount of service credit that would be transferred is unknown. It is estimated to be minor as the transferred and required employee contributions should offset most of the increase in accrued liability. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status