|
| | 104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
SB0684 Introduced 1/24/2025, by Sen. Don Harmon SYNOPSIS AS INTRODUCED:
| | 40 ILCS 5/15-101 | from Ch. 108 1/2, par. 15-101 |
| Amends the Illinois Pension Code. Makes a technical change in a Section concerning State universities. |
| |
| | A BILL FOR |
|
|
| | SB0684 | | LRB104 06992 RPS 17029 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 |
| 5 | | changing Section 15-101 as follows:
|
| 6 | | (40 ILCS 5/15-101) (from Ch. 108 1/2, par. 15-101) |
| 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 |
| 13 | | shall be transacted in that name. |
| 14 | | (Source: P.A. 83-1440.) |