Lake County, IL
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File #: 21-1268    Version: 1 Name: Resolution Increasing years of military service to IMRF Service Credit
Type: discussion Status: In Committee
File created: 8/23/2021 In control: Financial & Administrative Committee
On agenda: Final action: 9/2/2021
Title: Discussion and direction on a resolution increasing the years of military service an employee can purchase and then convert to IMRF Service Credit from two (2) to four (4) years.
Attachments: 1. Form 63A_Adopt 4 Years
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Title

Discussion and direction on a resolution increasing the years of military service an employee can purchase and then convert to IMRF Service Credit from two (2) to four (4) years.

 

Staff Summary

                     The County currently allows employees to purchase up to 2 years of military service which can be converted to IMRF Service Credit.

                     The current standard of 2 years was adopted by the County Board in 1982.

                     Between 1982 through present day, 115 employees have applied to purchase their military service and convert that time to IMRF Service Credit.