92nd General Assembly
Summary of HB4227
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House Sponsors:

Short description: 
PEN CD-CHGO FIRE-MILITARY                                                  

Synopsis of Bill as introduced:
        Amends the Chicago Firefighter Article of  the  Illinois  Pension      
   Code.  Allows purchase of service credit for up to 2 years of military      
   service  during  which  the fireman was not on a leave of absence from      
   employment.  Allows purchase at a reduced interest rate for 6 months.       
   Amends the  State  Mandates  Act  to  require  implementation  without      
   reimbursement.  Effective immediately.                                      
          PENSION NOTE (Illinois Pension Laws Commission)                      
          The impact of HB 4227 cannot be determined as the number of          
          members who will purchase the military service credit is             
          unknown. For some employees, the employee contributions re-          
          quired by HB 4227 may not cover the entire cost of the pur-          
          chased military service credit.                                      
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

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


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