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