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IL SB2247

Bill

Status

Failed

1/13/2015

Primary Sponsor

William McCann

Click for details

Origin

Senate

98th General Assembly

AI Summary

  • Deletes the requirement for state employees to pay an additional amount representing the employer's normal cost of the benefit plus interest when purchasing service credit for active military service under Section 14-104(j).

  • Specifies that the deletion of this additional payment requirement applies only to credit purchased on or after the bill's effective date and does not entitle any person to a refund of contributions or interest already paid.

  • Removes the changes made by this bill from the definition of "new benefit increase" in Section 14-152.1, exempting this military service credit provision from new benefit increase funding requirements.

  • Takes effect immediately upon becoming law.

Legislative Description

PENCD-SERS-MILITARY SERVICE

Last Action

Session Sine Die

1/13/2015

Committee Referrals

Assignments3/22/2013
Executive Special Issues Subcommittee3/6/2013
Executive3/5/2013
Assignments2/15/2013

Full Bill Text

No bill text available