98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB0410

 

Introduced 1/25/2013, by Rep. Michael J. Madigan

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/8-101  from Ch. 108 1/2, par. 8-101

    Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago municipal employees, officers, and officials.


LRB098 03234 JDS 33249 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB0410LRB098 03234 JDS 33249 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 8-101 as follows:
 
6    (40 ILCS 5/8-101)  (from Ch. 108 1/2, par. 8-101)
7    Sec. 8-101. Creation of fund.
8    In each city of more than 500,000 inhabitants a Municipal
9Employees', Officers', and and Officials' Annuity and Benefit
10Fund shall be created, set apart, maintained and administered,
11in the manner prescribed in this Article, for the benefit of
12the employees, officers and officials herein designated, and
13their beneficiaries.
14(Source: Laws 1963, p. 161.)