Comments: IL HB3592 | 2015-2016 | 99th General Assembly

Bill Title: Amends the Illinois Municipal Retirement Fund Article of the Illinois Pension Code. In a provision concerning payment for purchasing service credit under an early retirement incentive program, changes the required contribution rate from a specified percentage to the total employee contribution rate in effect for the applicable plan at the time the member purchases the service. Effective immediately.

Spectrum: Partisan Bill (Republican 3-0)

Status: (Passed) 2015-08-17 - Public Act . . . . . . . . . 99-0382 [HB3592 Detail]

Text: Latest bill text (Chaptered) [HTML]

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