97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB0523

 

Introduced 01/31/11, by Rep. Michael J. Madigan

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/11-101  from Ch. 108 1/2, par. 11-101

    Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago laborers and retirement board employees.


LRB097 03350 JDS 43387 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB0523LRB097 03350 JDS 43387 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 11-101 as follows:
 
6    (40 ILCS 5/11-101)  (from Ch. 108 1/2, par. 11-101)
7    Sec. 11-101. Creation of fund.
8    In each city of more than 500,000 inhabitants a Laborers'
9and and Retirement Board Employees' Annuity and Benefit Fund
10shall be created, set apart, maintained and administered, in
11the manner prescribed in this Article, for the benefit of the
12laborers and retirement board employees, herein designated,
13and their beneficiaries.
14(Source: Laws 1963, p. 161.)