House Sponsors: SMITH,MICHAEL-POE. Short description: PEN CD-ST EMPL-MILITARY CREDIT Synopsis of Bill as introduced: Amends the State Employee Article of the Illinois Pension Code. Changes the method of calculating interest when purchasing service credit for certain periods of military service. Effective immediately. PENSION NOTE (Pension Laws Commission) If every eligible member participated, accrued liability would increase by an estimated $18.0 million. A more likely estimate is 50% participation for an accrued liability of $9.0 million. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status