Sen. John J. Cullerton
Filed: 5/16/2012
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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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1 | (Source: P.A. 87-740.)".
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