91st General Assembly
Summary of HB2368
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House Sponsors:
MURPHY.

Short description: 
PEN CD-IMRF-MILITARY SERVICE                                               

Synopsis of Bill as introduced:
        Amends the Illinois Municipal Retirement Fund (IMRF)  Article  of      
   the  Pension  Code.   Allows  retirees  to  receive up to 24 months of      
   credit for military service not preceded by employment upon payment of      
   the  corresponding  employee  and  employer  contributions.   Requires      
   employer  approval.   Amends  the  State  Mandates  Act   to   require      
   implementation without reimbursement.  Effective immediately.               
          PENSION NOTE (Pension Laws Commission)                               
          The impact of HB 2368 cannot be determined as the number of re-      
          tirees who will purchase the military service credit is un-          
          known. For some retirees, the employee contributions required        
          by HB 2368 may not cover the entire cost of the purchased mili-      
          tary service credit.                                                 
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status