98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
SB0480

 

Introduced 1/23/2013, by Sen. John J. Cullerton

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/11-101  from Ch. 108 1/2, par. 11-101

    Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago laborers and retirement board employees.


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PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB0480LRB098 04679 EFG 34707 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 11-101 as follows:
 
6    (40 ILCS 5/11-101)  (from Ch. 108 1/2, par. 11-101)
7    Sec. 11-101. Creation of fund. In each city of more than
8500,000 inhabitants a Laborers' and and Retirement Board
9Employees' Annuity and Benefit Fund shall be created, set
10apart, maintained and administered, in the manner prescribed in
11this Article, for the benefit of the laborers and retirement
12board employees, herein designated, and their beneficiaries.
13(Source: Laws 1963, p. 161.)