94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB1812

 

Introduced 2/14/2005, by Rep. Michael J. Madigan - Barbara Flynn Currie - Richard T. Bradley

 

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.


LRB094 03157 LRD 33158 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB1812 LRB094 03157 LRD 33158 b

1     AN ACT concerning pensions.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The Illinois Pension Code is amended by changing
5 Section 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.
8     In each city of more than 500,000 inhabitants a Municipal
9 Employees', Officers', and and Officials' Annuity and Benefit
10 Fund shall be created, set apart, maintained and administered,
11 in the manner prescribed in this Article, for the benefit of
12 the employees, officers and officials herein designated, and
13 their beneficiaries.
14 (Source: Laws 1963, p. 161.)