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IL SB1831
Bill
Status
2/20/2015
Primary Sponsor
William McCann
Click for details
AI Summary
SB1831 Summary
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Eliminates the requirement for state employees to pay an additional amount equal to the employer's normal cost plus interest when purchasing service credit for up to 4 years of active military service under Section 14-104(j).
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Applies only to military service 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.
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Removes the military service credit provision from the definition of "new benefit increase" in Section 14-152.1, exempting it from the 5-year sunset and additional funding requirements.
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Takes effect immediately upon becoming law.
Legislative Description
PENCD-SERS-MILITARY SERVICE
Last Action
Pursuant to Senate Rule 3-9(b) / Referred to Assignments
10/10/2015