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| | 98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB0424 Introduced 1/25/2013, by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
| | 40 ILCS 5/2-101 | from Ch. 108 1/2, par. 2-101 |
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Amends the Illinois Pension Code. Makes a technical change in a Section
concerning the General Assembly.
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| | | PENSION IMPACT NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | HB0424 | | LRB098 03228 JDS 33243 b |
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| 1 | | AN ACT concerning public employee benefits.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Pension Code is amended by changing |
| 5 | | Section 2-101 as follows:
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| 6 | | (40 ILCS 5/2-101) (from Ch. 108 1/2, par. 2-101)
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| 7 | | Sec. 2-101. Creation of system. A retirement system is |
| 8 | | created to provide retirement annuities,
survivor's annuities |
| 9 | | and
and other benefits for members of the
General Assembly, |
| 10 | | certain elected state officials and their beneficiaries. |
| 11 | | The system shall be known as the "General Assembly |
| 12 | | Retirement System".
All its funds and property shall be a trust |
| 13 | | separate from all other
entities, maintained for the purpose of |
| 14 | | securing payment of annuities and
benefits under this Article.
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| 15 | | (Source: P.A. 83-1440.)
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