92nd General Assembly
Summary of HB0288
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House Sponsors:

Short description: 
PEN CD-DNST POL-MILITARY CRED                                              

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.   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 impact of HB288 cannot be determined as the number of            
          members who will purchase the military service credit is un-         
          known. For some employees, the employee contributions required       
          by HB288 may not cover the entire cost of the purchased mili-        
          tary 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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