PEN CD-IMRF-MILITARY SERVICE Senate SponsorsSen. A. J. Wilhelmi House Sponsors(Rep. Jack McGuire-Mike Boland-LaShawn K. Ford-Mary E. Flowers-Monique D. Davis) 8/28/2007SenatePublic Act . . . . . . . . . 95-0486 40 ILCS 5/7-139from Ch. 108 1/2, par. 7-13930 ILCS 805/8.31 newAmends the IMRF Article of the Illinois Pension Code. Increases the amount of creditable service a participating employee may be granted for service in the armed forces of the United States from 24 months to 48 months. Provides that, if payment is made during the 6-month period that begins one month after the effective date, the required interest shall be at the rate of 2.5% per year, compounded annually; otherwise, the required interest shall be calculated at the regular interest rate. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.Senate Committee Amendment No. 1 Removes provisions allowing the employee to pay a reduced interest rate if payment was made during a specified 6-month period. 2/8/2007SenateFiled with Secretary by Sen. A. J. Wilhelmi 2/8/2007SenateFirst Reading 2/8/2007SenateReferred to Rules 2/21/2007SenateAssigned to Pensions and Investments 3/7/2007SenatePostponed - Pensions and Investments 3/9/2007SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. A. J. Wilhelmi 3/9/2007SenateSenate Committee Amendment No. 1 Referred to Rules 3/13/2007SenateSenate Committee Amendment No. 1 Rules Refers to Pensions and Investments 3/13/2007SenateSenate Committee Amendment No. 1 Adopted 3/14/2007SenateDo Pass as Amended Pensions and Investments; 008-000-000 3/14/2007SenatePlaced on Calendar Order of 2nd Reading March 15, 2007 3/27/2007SenateSecond Reading 3/27/2007SenatePlaced on Calendar Order of 3rd Reading March 28, 2007 3/29/2007SenateThird Reading - Passed; 057-000-000 3/30/2007HouseArrived in House 3/30/2007HousePlaced on Calendar Order of First Reading 4/5/2007HouseChief House Sponsor Rep. Jack McGuire 4/9/2007HouseFirst Reading 4/9/2007HouseReferred to Rules Committee 4/30/2007HouseAssigned to Executive Committee 5/18/2007HouseCommittee Deadline Extended-Rule 9(b) May 25, 2007 5/25/2007HouseFinal Action Deadline Extended-9(b) May 31, 2007 5/30/2007HouseDo Pass / Short Debate Executive Committee; 013-000-000 5/30/2007HousePlaced on Calendar 2nd Reading - Short Debate 5/30/2007HouseSecond Reading - Short Debate 5/30/2007HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/31/2007HouseThird Reading - Short Debate - Passed 115-000-000 5/31/2007SenatePassed Both Houses 5/31/2007HouseAdded Alternate Chief Co-Sponsor Rep. Mike Boland 5/31/2007HouseAdded Alternate Chief Co-Sponsor Rep. LaShawn K. Ford 5/31/2007HouseAdded Alternate Chief Co-Sponsor Rep. Mary E. Flowers 5/31/2007HouseAdded Alternate Chief Co-Sponsor Rep. Monique D. Davis 6/29/2007SenateSent to the Governor 8/28/2007SenateGovernor Approved 8/28/2007SenateEffective Date August 28, 2007 8/28/2007SenatePublic Act . . . . . . . . . 95-0486