PENCD-CHI POL-PURCHASE CREDITS Senate SponsorsSen. James A. DeLeo 1/9/2007SenateSession Sine Die 40 ILCS 5/5-214.2 new30 ILCS 805/8.29 newAmends the Chicago Police Article of the Illinois Pension Code. Authorizes an active member with at least 5 years of creditable service to establish up to 10 years of additional service credit for certain employment as a law enforcement officer with a downstate municipal police department, the Cook County Police Department, the State of Illinois, or the Chicago Housing Authority. Requires the applicant to pay employee and employer contributions, plus interest. Permits the use of rollover contributions. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.Pension Note (Commission on Gov't Forecasting and Accountability) The fiscal impact of Senate Bill 370 cannot be calculated, as the amount of service credit that would be established is unknown. There may be a fiscal impact, as the interest that must be paid by the member is only 4% annually. 2/15/2005SenateFiled with Secretary by Sen. James A. DeLeo 2/15/2005SenateFirst Reading 2/15/2005SenateReferred to Rules 2/17/2005SenateAssigned to Pensions & Investments 3/2/2005SenatePostponed - Pensions & Investments 3/9/2005SenatePostponed - Pensions & Investments 3/11/2005SenatePension Note Filed from the Commission on Government Forecasting and Accountability. 3/16/2005SenatePostponed - Pensions & Investments 3/18/2005SenateRule 3-9(a) / Re-referred to Rules 1/9/2007SenateSession Sine Die