House Sponsors: FOWLER. Short description: PEN CD-DEPT CORRECTIONS TCHRS Synopsis of Bill as introduced: Amends the State Employee and Downstate Teacher Articles of the Illinois Pension Code. Allows certain teachers employed by the Department of Corrections to elect to participate in the State Employees' Retirement System rather than the Teachers' Retirement System; authorizes persons so electing to transfer credits for previous service in that capacity. Effective immediately. PENSION NOTE (Pension Laws Commission) The fiscal impact of HB 1987 cannot be determined, as the amount of service credit that would be transferred from TRS to SERS is unknown. The fiscal impact is estimated to be minor, as the person transferring the service credit is required to pay to SERS the employee and employer contributions, plus interest (less the amount transferred from TRS). 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