91st General Assembly
Summary of HB0269
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House Sponsors:
SMITH,MICHAEL-POE.

Short description: 
PEN CD-ST EMPL-MILITARY CREDIT                                             

Synopsis of Bill as introduced:
        Amends the State Employee Article of the Illinois Pension Code.        
   Changes the method of calculating interest when purchasing service          
   credit for certain periods of military service. Effective immediately.      
          PENSION NOTE (Pension Laws Commission)                               
          If every eligible member participated, accrued liability would       
          increase by an estimated $18.0 million. A more likely estimate       
          is 50% participation for an accrued liability of $9.0 million.       
 
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