95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
SB0820

 

Introduced 2/8/2007, by Sen. Kwame Raoul - Emil Jones, Jr.

 

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

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


LRB095 05492 AMC 25582 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB0820 LRB095 05492 AMC 25582 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 2-101 as follows:
 
6     (40 ILCS 5/2-101)  (from Ch. 108 1/2, par. 2-101)
7     Sec. 2-101. Creation of system. A retirement system is
8 created to provide retirement annuities, survivor's annuities
9 and and other benefits for members of the General Assembly,
10 certain elected state officials and their beneficiaries.
11     The system shall be known as the "General Assembly
12 Retirement System". All its funds and property shall be a trust
13 separate from all other entities, maintained for the purpose of
14 securing payment of annuities and benefits under this Article.
15 (Source: P.A. 83-1440.)