91st General Assembly
Summary of SB0273
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Senate Sponsors:
MOLARO.

Short description: 
PEN CD-METRO PIER & EXPO AUTH                                              

Synopsis of Bill as introduced:
        Amends the Illinois Pension Code to allow  a  current  or  former      
   employee  of  the  Metropolitan  Pier  and Exposition Authority to buy      
   service credit in any retirement  system  under  the  Reciprocal  Act.      
   Requires payment of employee and employer contributions plus interest.      
   Allows   a  person  establishing  this  credit  to  reinstate  credits      
   previously terminated by refund.  Amends the  State  Mandates  Act  to      
   require implementation without reimbursement.  Effective immediately.       
          PENSION NOTE (Pension Laws Commission)                               
          Fiscal impact cannot be determined; accrued liability would          
          increase if contributions are less than cost of credits              
          purchased.                                                           
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: Senate

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


   END OF INQUIRY 



 Full Text  Bill Status