97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
SB2677

 

Introduced 1/18/2012, by Sen. John J. Cullerton

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/18-101  from Ch. 108 1/2, par. 18-101

    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

 

SB2677LRB097 16102 EFG 61255 b

1    AN ACT concerning public employee benefits.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Pension Code is amended by changing
5Section 18-101 as follows:
 
6    (40 ILCS 5/18-101)  (from Ch. 108 1/2, par. 18-101)
7    Sec. 18-101. Creation of fund.
8    A retirement system is created to be known as the the
9"Judges Retirement System of Illinois". It shall be a trust
10separate and distinct from all other entities, maintained for
11the purpose of securing the payment of annuities and benefits
12as prescribed herein.
13(Source: Laws 1963, p. 161.)