<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 1562   </title>
<shortdesc>PEN CD-MILITARY SERVICE CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Michael K. Smith</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/14-104</reference><aliasreference>from Ch. 108 1/2, par. 14-104</aliasreference><reference>40 ILCS 5/15-113.3</reference><aliasreference>from Ch. 108 1/2, par. 15-113.3</aliasreference><reference>40 ILCS 5/16-128</reference><aliasreference>from Ch. 108 1/2, par. 16-128</aliasreference><reference>40 ILCS 5/17-134</reference><aliasreference>from Ch. 108 1/2, par. 17-134</aliasreference><reference>30 ILCS 805/8.27 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Illinois Pension Code. In the Downstate Teacher and Chicago Teacher Articles, provides that a participant may establish, without paying contributions, up to 5 years of credit for military service immediately following employment, and removes certain restrictions relating to wartime. In those Articles and the State Employee and State Universities Articles, changes the method of calculating interest when establishing credit for military service not immediately following employment. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.</SynopsisText><synopsistitle>Pension Note (Pension Laws Commission)</synopsistitle>
<SynopsisText>The fiscal impact of HB 1562 cannot be calculated as the amount of service credit that would be established is unknown, but is estimated to be minor.</SynopsisText></synopsis>
<actions>
<statusdate>2/7/2003</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Michael K. Smith</action>
<statusdate>2/10/2003</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/10/2003</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/11/2003</statusdate><chamber>House</chamber><action>Assigned to Executive Committee</action>
<statusdate>2/20/2003</statusdate><chamber>House</chamber><action>Pension Note Filed</action>
<statusdate>3/13/2003</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

