92nd General Assembly
Summary of HB3796
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House Sponsors:
DANIELS-WATSON,JIM-POE-CROTTY.

Short description: 
PENCD-SERS-ALTERNATE FORMULA                                               

Synopsis of Bill as introduced:
        Amends the State Employee Article of the Illinois  Pension  Code.      
   Expands  the  special  retirement  formula  for  credit  as a security      
   employee of the Department of Corrections or Human Services to include      
   all eligible  (alternative  formula)  creditable  service.   Effective      
   immediately.                                                                
          PENSION NOTE (Pension Laws Commission)                               
          The fiscal impact of HB 3796 cannot be calculated, as the            
          number of additional SERS members that would receive an annuity      
          based, at least in part, on the alternative formula cannot be        
          determined.                                                          
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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