92nd General Assembly
Summary of SB0068
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Short description: 
PEN CD-SERS-SERVICE CREDIT                                                 

Synopsis of Bill as introduced:
        Amends the State Employee Article of the Illinois  Pension  Code.      
   Allows  purchase  of  service  credit  for certain periods of leave of      
   absence beginning before 1982 and lasting up to 2  years.    Allows  a      
   member  who  is  an active contributor to another reciprocal system to      
   establish  service  credit  for  certain  periods,  including  certain      
   periods of military service not interrupting  employment.   Bases  the      
   contribution  rate  on  the  type  of service to be established.  Also      
   makes technical changes.  Effective immediately.                            
          PENSION NOTE (Pension Laws Commission)                               
          The fiscal impact of SB 68 cannot be determined as the amount        
          of service credit that would be purchased is unknown. The fis-       
          cal impact is expected to be minor, as the employee must pay         
          both the employee and employer contributions, plus interest          
          calculated from the beginning of the leave of absence to the         
          date of payment.                                                     
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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