94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
SB0792

 

Introduced 2/18/2005, by Sen. Iris Y. Martinez - Emil Jones, Jr.

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/11-101   from Ch. 108 1/2, par. 11-101

    Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago laborers and retirement board employees.


LRB094 04427 AMC 34456 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB0792 LRB094 04427 AMC 34456 b

1     AN ACT concerning public employee benefits.
 
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 11-101 as follows:
 
6     (40 ILCS 5/11-101)  (from Ch. 108 1/2, par. 11-101)
7     Sec. 11-101. Creation of fund. In each city of more than
8 500,000 inhabitants a Laborers' and and Retirement Board
9 Employees' Annuity and Benefit Fund shall be created, set
10 apart, maintained and administered, in the manner prescribed in
11 this Article, for the benefit of the laborers and retirement
12 board employees, herein designated, and their beneficiaries.
13 (Source: Laws 1963, p. 161.)