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| | 102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
SB1062 Introduced 2/25/2021, by Sen. Don Harmon SYNOPSIS AS INTRODUCED:
| | 40 ILCS 5/15-101 | from Ch. 108 1/2, par. 15-101 |
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Amends the Illinois Pension Code. Makes a technical change in a Section
concerning State universities.
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| | | PENSION IMPACT NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | SB1062 | | LRB102 05178 RPS 15199 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, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Pension Code is amended by |
| 5 | | changing Section 15-101 as follows:
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| 6 | | (40 ILCS 5/15-101) (from Ch. 108 1/2, par. 15-101)
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| 7 | | Sec. 15-101. Creation of system. A
retirement system is |
| 8 | | created to provide
retirement annuities and
and other benefits |
| 9 | | for employees,
as defined in this
Article, and their |
| 10 | | dependents. |
| 11 | | The system shall be known and may be cited as State |
| 12 | | Universities Retirement
System. All the business of the system
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| 13 | | shall be transacted in that name.
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| 14 | | (Source: P.A. 83-1440.)
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