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Sen. John J. Cullerton
Filed: 5/16/2012
| | 09700HB3076sam001 | | LRB097 06263 PJG 69634 a |
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| 1 | | AMENDMENT TO HOUSE BILL 3076
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| 2 | | AMENDMENT NO. ______. Amend House Bill 3076 by replacing |
| 3 | | everything after the enacting clause with the following:
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| 4 | | "Section 5. The Illinois Pension Code is amended by |
| 5 | | changing Section 7-102 as follows:
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| 6 | | (40 ILCS 5/7-102) (from Ch. 108 1/2, par. 7-102)
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| 7 | | Sec. 7-102. Purpose. The
The purpose of this fund is to |
| 8 | | provide a sound and
efficient system for
the payment of |
| 9 | | annuities and other benefits, in addition to the annuities
and |
| 10 | | benefits available, as herein provided, under the Federal |
| 11 | | Social
Security Act, to certain officers and employees, and to |
| 12 | | their
beneficiaries, of municipalities, as herein defined. |
| 13 | | It is the mission of this Fund to efficiently and |
| 14 | | impartially develop,
implement and administer programs that |
| 15 | | provide income protection to members
and their beneficiaries on |
| 16 | | behalf of participating employers in a prudent
manner.
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