92nd General Assembly
Summary of SB0613
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Senate Sponsors:

Short description: 
PEN CD-MILITARY SERVICE                                                    

Synopsis of Bill as introduced:
        Amends the Downstate Police Article of the Pension Code to  allow      
   purchase  of  service credit for up to 2 years of military service not      
   immediately preceded by employment.  Requires the employer's  approval      
   by resolution or ordinance.  Requires payment of employee and employer      
   contributions, plus interest. Effective immediately.                        
          PENSION NOTE (Pension Laws Commission)                               
          The impact of SB 613 cannot be determined as the number of           
          officers who will purchase the military service credit is            
          unknown. For some employees, the employee contributions re-          
          quired by SB 613 may not cover the entire cost of purchased          
          military service credit, which would result in a fiscal im-          
          pact to the employer.                                                
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: Senate

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


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