Lake County, IL
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.