SB1630 amends the Illinois Pension Code to allow various state employees to establish creditable service by making contributions.
SB1630 amends the Illinois Pension Code to provide ways for state employees to establish creditable service by making contributions. This includes employees who rendered contractual services to a member of the General Assembly, those who worked for the Department of Human Services, and those who were employed by the Department of Insurance. The bill also allows for creditable service for periods of furlough and military service. Contributions are based on compensation and contribution rates, and interest is calculated from the date of service to the date of payment.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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