92nd General Assembly
Summary of SB0738
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Senate Sponsors:

Short description: 
PEN CD-ART 14-VIS HAND VENDORS                                             

Synopsis of Bill as introduced:
        Amends the State Employee Article of the Illinois  Pension  Code.      
   Allows an employee to establish service credit for a period of up to 8      
   years  during which he or she was employed by the Visually Handicapped      
   Managers of Illinois in a vending program operated under a contractual      
   agreement with the Department of  Rehabilitation  Services.   Requires      
   payment  of  both  employee and employer contributions, plus interest.      
   Effective immediately.                                                      
          PENSION NOTE (Pension Laws Commission)                               
          The fiscal impact of SB 738 is expected to be small as few           
          employees would be eligible to purchase service credit. In           
          addition, the draft requires the member to make the employee         
          and employer contributions (normal costs), plus interest.            
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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