PEN CD-CHGO FIRE-MILITARY
Synopsis of Bill as introduced:
Amends the Chicago Firefighter Article of the Illinois Pension
Code. Allows purchase of service credit for up to 2 years of military
service during which the fireman was not on a leave of absence from
employment. Allows purchase at a reduced interest rate for 6 months.
Amends the State Mandates Act to require implementation without
reimbursement. Effective immediately.
PENSION NOTE (Illinois Pension Laws Commission)
The impact of HB 4227 cannot be determined as the number of
members who will purchase the military service credit is
unknown. For some employees, the employee contributions re-
quired by HB 4227 may not cover the entire cost of the pur-
chased military service credit.
Last action on Bill: SESSION SINE DIE
Last action date: JAN-07-2003
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status