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94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB1515
Introduced 02/10/05, by Rep. Joseph M. Lyons SYNOPSIS AS INTRODUCED:
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40 ILCS 5/6-220 |
from Ch. 108 1/2, par. 6-220 |
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Amends the Chicago Firefighter Article of the Illinois Pension Code. In provisions concerning a biennial report of the results of an examination of the fund, requires the Secretary of Financial and Professional Regulation (now, an obsolete reference to the Director of Insurance) to file an additional copy of the report with the Auditor General.
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| FISCAL NOTE ACT MAY APPLY | |
PENSION IMPACT NOTE ACT MAY APPLY |
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A BILL FOR
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HB1515 |
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LRB094 07621 AMC 37793 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 6-220 as follows:
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| (40 ILCS 5/6-220) (from Ch. 108 1/2, par. 6-220)
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| Sec. 6-220. Examination
and report by the Secretary of |
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| Financial and Professional Regulation
director of insurance.
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| The Secretary of Financial and Professional Regulation
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| Director of Insurance biennially shall make a thorough |
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| examination
of the fund provided for in this Article. He or she |
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| shall report the results
thereof with such recommendations as |
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| he or she deems proper to the Governor for
transmittal to the |
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| General Assembly and send a copy to the board and to the
city |
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| council of the city. The city council shall file such report |
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| and
recommendations in the official record of its proceedings.
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| The requirement for reporting to the General Assembly shall |
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| be satisfied
by filing copies of the report with the Speaker, |
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| the Minority Leader and
the Clerk of the House of |
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| Representatives and the President, the Minority
Leader and the |
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| Secretary of the Senate, the Auditor General, and the |
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| Legislative Research
Unit, as required
by Section 3.1 of "An |
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| Act to revise the law in relation to the General Assembly",
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| approved February 25, 1874, as amended, and filing such |
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| additional copies
with the State Government Report |
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| Distribution Center for the General Assembly
as is required |
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| under paragraph (t) of Section 7 of the State Library Act.
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| (Source: P.A. 84-1438.)
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