MYERS,J. 40 ILCS 5/4-108 from Ch. 108 1/2, par. 4-108 30 ILCS 805/8.23 new Amends the Downstate Firefighter Article of the Pension Code. Allows members to receive up to 24 months of credit for military service not preceded by employment, upon payment of the corresponding employee and employer contributions, plus interest. Provides for a reduced rate of interest if payment is made within a specified 6-month period. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) The impact of SB 1176 cannot be determined as the number of officers who will purchase the military service credit is un- known. The fiscal impact to employers would be greatest if officers were allowed to purchase the service credit during the period of reduced interest. 99-02-26 S FIRST READING 99-02-26 S REFERRED TO SENATE RULES COMMITTEE RULES 99-03-03 S ASSIGNED TO COMMITTEE INS & PENS. 99-03-08 S PENSION NOTE FILED 99-03-08 S COMMITTEE INS & PENS. 99-03-20 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES 01-01-09 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary