101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB4503

 

Introduced 2/4/2020, by Rep. Michael J. Zalewski

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/8-101  from Ch. 108 1/2, par. 8-101

    Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago municipal employees, officers, and officials.


LRB101 20437 RPS 69993 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB4503LRB101 20437 RPS 69993 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 8-101 as follows:
 
6    (40 ILCS 5/8-101)  (from Ch. 108 1/2, par. 8-101)
7    Sec. 8-101. Creation of fund. In each city of more than
8500,000 inhabitants a Municipal Employees', Officers', and and
9Officials' Annuity and Benefit Fund shall be created, set
10apart, maintained and administered, in the manner prescribed in
11this Article, for the benefit of the employees, officers and
12officials herein designated, and their beneficiaries.
13(Source: Laws 1963, p. 161.)