91st General Assembly
Summary of SB0086
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Senate Sponsors:

Short description: 
PEN CD-DNST POL-MILITARY CRED                                              

Synopsis of Bill as introduced:
        Amends the Downstate Police Article of the Pension Code.   Allows      
   purchase  of  service credit for up to 2 years of military service not      
   immediately preceded by employment; provides for  a  reduced  interest      
   rate if payment is made within a specified 6-month period.  Amends the      
   State  Mandates  Act  to require implementation without reimbursement.      
   Effective immediately.                                                      
          PENSION NOTE (Pension Laws Commission)                               
          The impact of SB 86 cannot be determined as the number of            
          members who will purchase the military service credit in un-         
          known. For some employees, the employee contributions required       
          may not cover the entire cost of the purchase.                       
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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