PEN CD-MWRD-MILITARY CREDIT Senate SponsorsSen. Don Harmon-Dave Sullivan-Denny Jacobs 1/11/2005SenateSession Sine Die 40 ILCS 5/13-401from Ch. 108 1/2, par. 13-40140 ILCS 5/13-402from Ch. 108 1/2, par. 13-40240 ILCS 5/13-403from Ch. 108 1/2, par. 13-40330 ILCS 805/8.27 newAmends the Metropolitan Water Reclamation District Article of the Illinois Pension Code. Authorizes certain persons to purchase up to 2 years of service credit for certain military service not following employment. Requires payment of an amount representing both employee contributions and the employer's normal cost, plus interest. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.Pension Note (Pension Laws Commission) The fiscal impact of SB 1358 cannot be determined, as the number of members who will purchase the military service credit is unknown. As the bill requires the employee to make the employee and employer (normal cost) contributions, plus interest (3% annually), the fiscal impact is estimated to be relatively minor. Any fiscal impact would be the result of the interest rate being set at only 3% annually.Fiscal Note (Dept of Commerce and Community Affairs) No fiscal impact on DCCA. The extent of fiscal impact on local governments cannot be determined. 2/20/2003SenateFiled with Secretary by Sen. Don Harmon 2/20/2003SenateFirst Reading 2/20/2003SenateReferred to Rules 2/20/2003SenateAdded as Chief Co-Sponsor Sen. Dave Sullivan 2/27/2003SenateAssigned to Insurance & Pensions 3/11/2003SenatePension Note Filed As Introduced 3/12/2003SenateAdded as Chief Co-Sponsor Sen. Denny Jacobs 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