CLAYBORNE-LINK. 40 ILCS 5/3-110 from Ch. 108 1/2, par. 3-110 30 ILCS 805/8.25 new Amends the Downstate Police Article of the Illinois Pension Code to allow purchase of service credit for up to 2 years of military service not immediately preceded by 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 (Pension Laws Commission) The fiscal impact of SB 704 cannot be determined as the number of members who will purchase the military service credit is unknown. For some employees, the employee contri- butions required by SB 704 may not cover the entire cost of the purchased military service credit. FEB-21-2001 S FIRST READING FEB-21-2001 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-28-2001 S ASSIGNED TO COMMITTEE INS & PENS. MAR-01-2001 S PENSION NOTE FILED AS INTRODUCED MAR-06-2001 S TO SUBCOMMITTEE MAR-06-2001 S COMMITTEE INS & PENS. MAR-31-2001 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES NOV-19-2002 S ADDED AS A CHIEF CO-SPONSOR LINK JAN-07-2003 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary