94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
SB0803

 

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

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/17-101   from Ch. 108 1/2, par. 17-101

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


LRB094 04434 AMC 34463 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB0803 LRB094 04434 AMC 34463 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 17-101 as follows:
 
6     (40 ILCS 5/17-101)  (from Ch. 108 1/2, par. 17-101)
7     Sec. 17-101. Creation of fund. In each city with a
8 population over 500,000, there is created a Public School
9 Teachers' Pension and and Retirement Fund to be maintained and
10 administered in the manner prescribed in this Article and to be
11 known as the Public School Teachers' Pension and Retirement
12 Fund of ....(city).
13 (Source: Laws 1963, p. 161.)