40 ILCS 5/3-110 from Ch. 108 1/2, par. 3-110
30 ILCS 805/8.25 new
Amends the Downstate Police Article of the Illinois Pension Code
to allow purchase of service credit for up to 2 years of military
service not immediately preceded by 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 (Pension Laws Commission)
The fiscal impact of SB 704 cannot be determined as the
number of members who will purchase the military service
credit is unknown. For some employees, the employee contri-
butions required by SB 704 may not cover the entire cost
of the purchased military service credit.
FEB-21-2001 S FIRST READING
FEB-21-2001 S REFERRED TO SENATE RULES COMMITTEE RULES
FEB-28-2001 S ASSIGNED TO COMMITTEE INS & PENS.
MAR-01-2001 S PENSION NOTE FILED AS INTRODUCED
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
NOV-19-2002 S ADDED AS A CHIEF CO-SPONSOR LINK
JAN-07-2003 S SESSION SINE DIE
END OF INQUIRY
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