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| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB0531 Introduced 01/31/11, by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
| | 40 ILCS 5/18-101 | from Ch. 108 1/2, par. 18-101 |
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Amends the Illinois Pension Code. Makes a technical change in a Section
concerning judges.
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| | | PENSION IMPACT NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | HB0531 | | LRB097 03358 JDS 43395 b |
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| 1 | | AN ACT concerning public employee benefits.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Pension Code is amended by changing |
| 5 | | Section 18-101 as follows:
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| 6 | | (40 ILCS 5/18-101) (from Ch. 108 1/2, par. 18-101)
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| 7 | | Sec. 18-101. Creation of fund.
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| 8 | | A retirement system is created to be known as the
the |
| 9 | | "Judges Retirement
System of Illinois". It shall be a trust |
| 10 | | separate and distinct from all
other entities, maintained for |
| 11 | | the purpose of securing the payment of
annuities and benefits |
| 12 | | as prescribed herein. |
| 13 | | (Source: Laws 1963, p. 161.)
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