94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
SB2861

 

Introduced 1/20/2006, by Sen. Jeffrey M. Schoenberg

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/14-101   from Ch. 108 1/2, par. 14-101

    Amends the Illinois Pension Code. Makes a technical change in a Section concerning State employees.


LRB094 17922 AMC 53225 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB2861 LRB094 17922 AMC 53225 b

1     AN ACT concerning public employee benefits.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The Illinois Pension Code is amended by changing
5 Section 14-101 as follows:
 
6     (40 ILCS 5/14-101)  (from Ch. 108 1/2, par. 14-101)
7     Sec. 14-101. Creation of system. A retirement and and
8 benefit system is created to provide retirement annuities and
9 other benefits for employees of the State of Illinois. The
10 system shall be known as the "State Employees' Retirement
11 System of Illinois". By such name all its business shall be
12 transacted and its cash and other property held in trust for
13 the purposes of this Article.
14 (Source: P.A. 80-841.)