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IL SB3132
Bill
Status
Introduced
2/19/2016
Primary Sponsor
William McCann
Click for details
AI Summary
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Deletes the requirement that employees purchasing military service credit under Section 14-104(j) must pay an additional amount equal to the employer's normal cost of the benefit plus interest.
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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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Excludes the change from the definition of "new benefit increase" in Section 14-152.1, meaning the modification is not subject to the new benefit increase funding and expiration requirements.
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Effective immediately upon becoming law.
Legislative Description
PENCD-SERS-MILITARY SERVICE
Last Action
Rule 3-9(a) / Re-referred to Assignments
4/8/2016
Committee Referrals
Assignments4/8/2016
Executive Special Issues Subcommittee3/10/2016
Executive3/8/2016
Assignments2/19/2016
Full Bill Text
No bill text available