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| | 102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB0126 Introduced 1/14/2021, by Rep. Sue Scherer SYNOPSIS AS INTRODUCED:
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Amends the Downstate Teacher Article of the Illinois Pension Code. Repeals a provision requiring the System to offer an optional defined contribution benefit to active members of the System. Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | | PENSION IMPACT NOTE ACT MAY APPLY |
| | A BILL FOR |
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| | HB0126 | | LRB102 02770 RPS 12777 b |
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| 1 | | AN ACT concerning public employee benefits.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | (40 ILCS 5/16-204 rep.) |
| 5 | | Section 5. The Illinois Pension Code is amended by |
| 6 | | repealing Section 16-204.
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| 7 | | Section 99. Effective date. This Act takes effect upon |
| 8 | | becoming law.
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