DILLARD, CLAYBORNE AND LAUZEN. 40 ILCS 5/16-127 from Ch. 108 1/2, par. 16-127 40 ILCS 5/16-128 from Ch. 108 1/2, par. 16-128 Amends the Downstate Teacher Article of the Pension Code. Allows purchase of service credit for up to 3 years of employment by a recognized private school. Requires payment of a contribution plus interest. Effective immediately. PENSION NOTE (Pension Laws Commission) The impact of SB 97 cannot be determined, as the amount of service credit that would be purchased is unknown. According to TRS, the required contributions fully fund the actuarial cost of the service credit. 99-01-28 S FIRST READING 99-01-28 S REFERRED TO SENATE RULES COMMITTEE RULES 99-02-03 S ASSIGNED TO COMMITTEE INS & PENS. 99-02-09 S PENSION NOTE FILED 99-02-24 S TO SUBCOMMITTEE 99-02-24 S COMMITTEE INS & PENS. 99-03-04 S ADDED AS A CO-SPONSOR CLAYBORNE 99-03-20 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES 00-06-21 S ADDED AS A CO-SPONSOR LAUZEN 01-01-09 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary