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IL HB4087

Bill

Status

Introduced

2/27/2009

Primary Sponsor

Dan Brady

Click for details

Origin

House of Representatives

96th General Assembly

AI Summary

  • 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

  • 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

  • Applications must be filed with the Board within 6 months after the Act's effective date, with evidence of eligibility and required payment

  • 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

  • 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

Committee Referrals

Rules3/13/2009
Personnel & Pensions3/4/2009
Rules2/27/2009

Full Bill Text

No bill text available