Sen. John J. Cullerton

Filed: 5/10/2012

 

 


 

 


 
09700HB3865sam002LRB097 14296 EFG 69286 a

1
AMENDMENT TO HOUSE BILL 3865

2    AMENDMENT NO. ______. Amend House Bill 3865 by replacing
3everything after the enacting clause with the following:
 
4    "Section 5. The Illinois Pension Code is amended by
5changing Section 16-101 as follows:
 
6    (40 ILCS 5/16-101)  (from Ch. 108 1/2, par. 16-101)
7    Sec. 16-101. Creation of system. Effective July 1, 1939,
8there is created the the "Teachers' Retirement System of the
9State of Illinois" for the purpose of providing retirement
10annuities and other benefits for teachers, annuitants and
11beneficiaries. All of its business shall be transacted, its
12funds invested, and its assets held in such name.
13(Source: P.A. 83-1440.)".