92nd General Assembly
Summary of SB0642
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Senate Sponsors:

Short description: 
PENSION CD-RETRO SERVICE                                                   

Synopsis of Bill as introduced:
        Amends the IMRF Article of the Illinois Pension  Code.   Provides      
   that  the  governing  body of a participating unit of local government      
   may authorize a current or former elected  or  appointed  official  to      
   establish  service credit for more than 50 months of prior service for      
   which the official could have elected to participate in the Fund,  but      
   did  not.   (Currently,  officials other than county board members are      
   limited to 50 months.)  Effective immediately.                              
          PENSION NOTE (Pension Laws Commission)                               
          The fiscal impact of SB642 cannot be determined, as the amount       
          of service credit that will be purchased is unknown. Since           
          SB 642 requires only employee contributions, plus interest,          
          there will be a fiscal impact.                                       
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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