PEN CD-DNST POL-MILITARY CRED Senate SponsorsSen. James F. Clayborne, Jr.-Terry Link 1/11/2005SenateSession Sine Die 40 ILCS 5/3-110from Ch. 108 1/2, par. 3-110Amends the Downstate Police Article of the Pension Code to allow purchase of service credit for up to 2 years of military service not immediately preceded by employment, with the approval of the municipality. Allows purchase at a reduced interest rate for 6 months. Effective immediately.Pension Note (Pension Laws Commission) The impact of SB 430 cannot be determined as the number of officers who will purchase the military service credit is unknown. For some employees, the employee contributions required by SB 430 may not cover the entire cost of purchased military service credit, which would result in a fiscal impact to the employer.Fiscal Note (Dept of Commerce and Community Affairs) No fiscal impact to DCCA. The fiscal impact to local governments cannot be determined at this time. 2/18/2003SenateFiled with Secretary by Sen. James F. Clayborne, Jr. 2/18/2003SenateChief Co-Sponsor Sen. Terry Link 2/18/2003SenateFirst Reading 2/18/2003SenateReferred to Rules 2/26/2003SenateAssigned to Insurance & Pensions 2/28/2003SenatePension Note Filed As Introduced 3/5/2003SenateTo Subcommittee 3/13/2003SenateDo Pass Insurance & Pensions; 010-000-000 3/13/2003SenatePlaced on Calendar Order of 2nd Reading March 18, 2003 3/18/2003SenateFiscal Note Requested by Sen. Bill Brady 3/25/2003SenateFiscal Note Filed 4/4/2003SenateThird Reading Deadline Extended - Rule 2-10(e) to April 9, 2003. 7/1/2003SenatePursuant to Senate Rule 3-9(b) / Referred to Rules 1/11/2005SenateSession Sine Die