100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
SB1243

 

Introduced 2/7/2017, by Sen. Emil Jones, III

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/17-101  from Ch. 108 1/2, par. 17-101

    Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago teachers.


LRB100 08627 EFG 18761 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB1243LRB100 08627 EFG 18761 b

1    AN ACT concerning public employee benefits.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Pension Code is amended by changing
5Section 17-101 as follows:
 
6    (40 ILCS 5/17-101)  (from Ch. 108 1/2, par. 17-101)
7    Sec. 17-101. Creation of fund. In each city with a
8population over 500,000, there is created a Public School
9Teachers' Pension and and Retirement Fund to be maintained and
10administered in the manner prescribed in this Article and to be
11known as the Public School Teachers' Pension and Retirement
12Fund of ....(city).
13(Source: Laws 1963, p. 161.)