House Sponsors: POE. Short description: PEN CD-SERS-REPAYMENT OF REFND Synopsis of Bill as introduced: Amends the State Employee Article of the Illinois Pension Code. Reduces the rate of interest charged on certain refunds repaid to the System in 2001. Effective immediately. PENSION NOTE (Pension Laws Commission) The fiscal impact cannot be determined, as the amount of SERS service credit that may be established by the repayment of refunds at the lower interest rate is unknown. 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