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95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
SB0820
Introduced 2/8/2007, by Sen. Kwame Raoul - Emil Jones, Jr. SYNOPSIS AS INTRODUCED:
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40 ILCS 5/2-101 |
from Ch. 108 1/2, par. 2-101 |
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Amends the Illinois Pension Code. Makes a technical change in a Section
concerning the General Assembly.
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| PENSION IMPACT NOTE ACT MAY APPLY | |
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A BILL FOR
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SB0820 |
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LRB095 05492 AMC 25582 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 2-101 as follows:
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| (40 ILCS 5/2-101) (from Ch. 108 1/2, par. 2-101)
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| Sec. 2-101. Creation of system. A retirement system is |
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| created to provide retirement annuities,
survivor's annuities |
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| and
and other benefits for members of the
General Assembly, |
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| certain elected state officials and their beneficiaries. |
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| The system shall be known as the "General Assembly |
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| Retirement System".
All its funds and property shall be a trust |
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| separate from all other
entities, maintained for the purpose of |
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| securing payment of annuities and
benefits under this Article.
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| (Source: P.A. 83-1440.)
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