House Sponsors: SMITH,MICHAEL. Short description: PEN CD-SERS-REPAY REFUND Synopsis of Bill as introduced: Amends the State Employee Article of the Illinois Pension Code. Allows a former member to reinstate credits that were forfeited upon taking a refund, by repaying the amount of the refund, plus interest. Effective immediately. PENSION NOTE (Pension Laws Commission) The fiscal impact of HB 1062 is expected to be small, as the employee must pay the System the amount of the refund plus interest calculated from the date of the refund to the date of the repayment. 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