91st General Assembly
Status of SB1176
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MYERS,J.

   40 ILCS 5/4-108           from Ch. 108 1/2, par. 4-108                      
   30 ILCS 805/8.23 new                                                        

        Amends the Downstate Firefighter Article  of  the  Pension  Code.      
   Allows  members  to  receive  up  to  24 months of credit for military      
   service not preceded by employment, upon payment of the  corresponding      
   employee  and  employer  contributions, plus interest.  Provides for a      
   reduced rate of interest if payment is made within a specified 6-month      
   period.  Amends the  State  Mandates  Act  to  require  implementation      
   without reimbursement.  Effective immediately.                              
          PENSION NOTE (Pension Laws Commission)                               
          The impact of SB 1176 cannot be determined as the number of          
          officers who will purchase the military service credit is un-        
          known. The fiscal impact to employers would be greatest if           
          officers were allowed to purchase the service credit during the      
          period of reduced interest.                                          
   99-02-26  S  FIRST READING                                                  
   99-02-26  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   99-03-03  S       ASSIGNED TO COMMITTEE               INS & PENS.           
   99-03-08  S                        PENSION NOTE FILED                       
   99-03-08  S                   COMMITTEE               INS & PENS.           
   99-03-20  S  RE-REFERRED TO RULES COMM/RULE 3-9(A)    RULES                 
   01-01-09  S  SESSION SINE DIE                                               

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 Full Text  Bill Summary