MEYER. 40 ILCS 5/16-127 from Ch. 108 1/2, par. 16-127 40 ILCS 5/16-128 from Ch. 108 1/2, par. 16-128 Amends the Downstate Teacher Article of the Illinois Pension Code. Allows purchase of service credit for up to 3 years of employment by a recognized private school. Requires payment of a contribution plus interest. Effective immediately. PENSION IMPACT NOTE (Pension Laws Commission) The fiscal impact of HB 3667 cannot be determined, as the amount of service credit that would be purchased is unknown. According to TRS, the required contributions fully fund the actuarial cost of the service. NOV-07-2001 H FILED WITH CLERK NOV-07-2001 H FIRST READING NOV-07-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES NOV-19-2001 H PENSION NOTE FILED NOV-19-2001 H COMMITTEE RULES JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary