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IL SB3132

Bill

Status

Introduced

2/19/2016

Primary Sponsor

William McCann

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Origin

Senate

99th General Assembly

AI Summary

  • 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.

  • 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.

  • 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.

  • 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