99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
HB2614

 

Introduced , by Rep. Elaine Nekritz

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/6-190.1  from Ch. 108 1/2, par. 6-190.1

    Amends the Chicago Firefighter Article of the Illinois Pension Code. Provides that, beginning in 2015, the board shall adopt an annual budget at its December meeting for the succeeding calendar year. Effective immediately.


LRB099 06847 EFG 26922 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB2614LRB099 06847 EFG 26922 b

1    AN ACT concerning public employee benefits.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Pension Code is amended by changing
5Section 6-190.1 as follows:
 
6    (40 ILCS 5/6-190.1)  (from Ch. 108 1/2, par. 6-190.1)
7    Sec. 6-190.1. To have a budget. The board shall adopt an
8annual budget at its regular January meeting. Beginning in
92015, the board shall adopt an annual budget at its December
10meeting for the succeeding calendar year.
11(Source: P.A. 86-273.)
 
12    Section 99. Effective date. This Act takes effect upon
13becoming law.