92nd General Assembly Summary of HB0233    [ Home ]   [ Back ]   [ Legislation ]

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House Sponsors:
KLINGLER.

Senate Sponsors:
BOMKE

Short description: 
PEN CD-SERS-CREDIT FOR LAYOFF                                              

Synopsis of Bill as introduced:
        Amends the State Employee Article of the Illinois  Pension  Code.      
   Provides  that  an  employee may establish eligible creditable service      
   for up to 2  years  spent  on  layoff,  under  certain  circumstances.      
   Requires  payment  of  both  employee and employer contributions, plus      
   interest.  Specifies that the employee contribution and interest shall      
   be based on the date the employee  returns  to  employment  after  the      
   layoff.  Effective immediately.                                             
          PENSION NOTE (Pension Laws Commission)                               
          The fiscal impact of HB 0233 cannot be calculated, as the            
          amount of outstanding service that would be purchased is             
          unknown. The fiscal impact is expected to be minor, as employee      
          and employer contributions, plus interest (from the date of          
          reemployment to the date of payment), are required.                  
        HOUSE AMENDMENT NO. 1.                                                 
        Adds the additional requirement that the applicant, at  the  time      
   of  the  layoff,  had attained certified status under the rules of the      
   Department of Central Management Services.                                  
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


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