40 ILCS 5/14-104 from Ch. 108 1/2, par. 14-104
Amends the State Employee Article of the Illinois Pension Code.
Allows purchase of service credit for certain periods of leave of
absence beginning before 1982 and lasting up to 2 years. Allows a
member who is an active contributor to another reciprocal system to
establish service credit for certain periods, including certain
periods of military service not interrupting employment. Bases the
contribution rate on the type of service to be established. Also
makes technical changes. Effective immediately.
PENSION NOTE (Pension Laws Commission)
The fiscal impact of SB 68 cannot be determined as the amount
of service credit that would be purchased is unknown. The fis-
cal impact is expected to be minor, as the employee must pay
both the employee and employer contributions, plus interest
calculated from the beginning of the leave of absence to the
date of payment.
JAN-31-2001 S FIRST READING
JAN-31-2001 S REFERRED TO SENATE RULES COMMITTEE RULES
FEB-01-2001 S ASSIGNED TO COMMITTEE INS & PENS.
FEB-09-2001 S PENSION NOTE FILED AS INTRODUCED
FEB-20-2001 S ADDED AS A CHIEF CO-SPONSOR BOMKE
MAR-06-2001 S TO SUBCOMMITTEE
MAR-06-2001 S COMMITTEE INS & PENS.
MAR-31-2001 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES
JAN-07-2003 S SESSION SINE DIE
END OF INQUIRY
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