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96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
SB0550
Introduced 2/6/2009, by Sen. John J. Cullerton SYNOPSIS AS INTRODUCED:
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40 ILCS 5/17-101 |
from Ch. 108 1/2, par. 17-101 |
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Amends the Illinois Pension Code. Makes a technical change in a Section
concerning Chicago teachers.
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| PENSION IMPACT NOTE ACT MAY APPLY | |
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A BILL FOR
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SB0550 |
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LRB096 06603 AMC 16687 b |
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| AN ACT concerning public employee benefits.
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| Be it enacted by the People of the State of Illinois, |
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| represented in the General Assembly:
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| Section 5. The Illinois Pension Code is amended by changing |
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| Section 17-101 as follows:
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| (40 ILCS 5/17-101) (from Ch. 108 1/2, par. 17-101)
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| Sec. 17-101. Creation of fund. In each city with a |
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| population over 500,000, there is created a Public
School |
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| Teachers' Pension and
and Retirement Fund to be maintained and
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| administered in the manner prescribed in this Article and to be |
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| known as
the Public School Teachers' Pension and Retirement |
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| Fund of ....(city). |
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| (Source: Laws 1963, p. 161.)
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