102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
SB1060

 

Introduced 2/25/2021, by Sen. Don Harmon

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/18-101  from Ch. 108 1/2, par. 18-101

    Amends the Illinois Pension Code. Makes a technical change in a Section concerning judges.


LRB102 04875 RPS 14894 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB1060LRB102 04875 RPS 14894 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
5changing Section 18-101 as follows:
 
6    (40 ILCS 5/18-101)  (from Ch. 108 1/2, par. 18-101)
7    Sec. 18-101. Creation of fund. A retirement system is
8created to be known as the the "Judges Retirement System of
9Illinois". It shall be a trust separate and distinct from all
10other entities, maintained for the purpose of securing the
11payment of annuities and benefits as prescribed herein.
12(Source: Laws 1963, p. 161.)