Loading chat...

IL SB1831

Bill

Status

Introduced

2/20/2015

Primary Sponsor

William McCann

Click for details

Origin

Senate

99th General Assembly

AI Summary

SB1831 Summary

  • 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).

  • 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.

  • 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.

  • 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

Committee Referrals

Assignments10/10/2015
Governmental Operations3/19/2015
Executive3/11/2015
Assignments2/20/2015

Full Bill Text

No bill text available