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.
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
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status