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IL HB4087
Bill
Status
2/27/2009
Primary Sponsor
Dan Brady
Click for details
AI Summary
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State policemen who apply for retirement within 3 months after the Act's effective date to take a judicial position may purchase creditable service for time spent working for the Federal Bureau of Investigation
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FBI service credit is only available if the applicant does not hold credit for that service in any other public employee pension fund or retirement system
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Applications must be filed with the Board within 6 months after the Act's effective date, with evidence of eligibility and required payment
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Payment required includes employee contributions based on salary on first day as State policeman, the employer's normal cost of accrued benefits, plus regular interest on both amounts
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Total eligible creditable service established under this and related subsections cannot exceed 12 years
Legislative Description
PEN CD-ALT FORMULA-FBI CREDIT
Last Action
Rule 19(a) / Re-referred to Rules Committee
3/13/2009