92nd General Assembly
Status of HB0513
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   40 ILCS 5/14-104          from Ch. 108 1/2, par. 14-104                     

        Amends the State Employee Article of the Pension  Code.   Changes      
   the  method of calculating interest when purchasing service credit for      
   certain periods of military service.  Effective immediately.                
          PENSION NOTE (Pension Laws Commission)                               
          SERS estimates that there are over 9,000 employees with quali-       
          fying military service credit at an estimated average cost of        
          $2,000 per member. Therefore, if every member of SERS with pre-      
          vious military service purchases the credit, accrued liability       
          is estimated to increase by $18.0 million. Assuming only 50% of      
          SERS members with prior military service purchase the credit,        
          which is more likely, the estimated accrued liability would          
          increase by $9.0 million.                                            
   JAN-31-2001  H  FILED WITH CLERK                                               
   FEB-05-2001  H  FIRST READING                                                  
   FEB-05-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-09-2001  H                        PENSION NOTE FILED                       
   FEB-09-2001  H                   COMMITTEE               RULES                 
   FEB-15-2001  H       ASSIGNED TO COMMITTEE               PERS PENSION          
   MAR-13-2001  H  ADDED AS A CO-SPONSOR                    POE                   
   MAR-16-2001  H  DO PASS/SHORT DEBATE                     011-000-000   HPPN    
   MAR-16-2001  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   MAR-20-2001  H  SECOND READING-SHORT DEBATE                                    
   MAR-20-2001  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   MAR-22-2001  H  ADDED AS A JOINT SPONSOR                 BOLAND                
   MAR-22-2001  H  ADDED AS A JOINT SPONSOR                 MURPHY                
   MAR-22-2001  H  THIRD READING/SHORT DEBATE/PASSED        113-000-000           
   MAR-22-2001  H  ADDED AS A JOINT SPONSOR                 BLACK                 
   MAR-22-2001  H  ADDED AS A JOINT SPONSOR                 MCAULIFFE             
   MAR-27-2001  S  ARRIVE IN SENATE                                               
   MAR-27-2001  S  PLACED CALENDAR ORDER OF FIRST READING   01-03-28              
   MAR-27-2001  S  CHIEF SPONSOR                            BOMKE                 
   MAR-27-2001  S  FIRST READING                                                  
   MAR-27-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   APR-06-2001  S       ASSIGNED TO COMMITTEE               INS & PENS.           
   MAY-08-2001  S       DO PASS                             009-000-000   SINS    
   MAY-08-2001  S  PLACED ON CALENDAR ORDER OF 2ND READING  01-05-09              
   MAY-09-2001  S  ADDED AS A CHIEF CO-SPONSOR              DUDYCZ                
   MAY-16-2001  S  SECOND READING                                                 
   MAY-16-2001  S  PLACED ON CALENDAR ORDER OF 3RD READING  01-05-17              
   MAY-17-2001  S  ADDED AS A CHIEF CO-SPONSOR              O'MALLEY              
   MAY-17-2001  S  THIRD READING - PASSED                   055-002-000           
   MAY-17-2001  H  PASSED BOTH HOUSES                                             
   JUN-14-2001  H  SENT TO THE GOVERNOR                                           
   JUL-12-2001  H  GOVERNOR APPROVED                                              
   JUL-12-2001  H                            EFFECTIVE DATE 01-07-12              
   JUL-12-2001  H  PUBLIC ACT.............................. 92-0054               


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