Senate Sponsors: WOOLARD. Short description: PEN CD-ST UNIV-MILITARY CREDIT Synopsis of Bill as introduced: Amends the State Universities Article of the Illinois Pension Code. Changes the method of calculating interest when purchasing service credit for certain periods of military service. Effective immediately. PENSION NOTE (Pension Laws Commission) The fiscal impact of SB 1532 has not been calculated, as the number of members with eligible military service is unknown. However, there would be a fiscal impact as the interest is calculated for only the last ten years. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status