Full Text of HB0260 97th General Assembly
HB0260 97TH GENERAL ASSEMBLY
97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
Introduced 01/25/11, by Rep. Jack D. Franks
SYNOPSIS AS INTRODUCED:
40 ILCS 5/2-101
from Ch. 108 1/2, par. 2-101
40 ILCS 5/2-105
from Ch. 108 1/2, par. 2-105
Amends the General Assembly Article of the Illinois Pension Code.
Restricts participation in the General Assembly Retirement System by
members of the General Assembly to persons who become participants before
January 1, 2013 and provides that, beginning on that date, the System shall
not accept any new participants who are members of the General Assembly.
Makes related changes. Effective immediately.
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A BILL FOR
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AN ACT concerning public employee benefits.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
The Illinois Pension Code is amended by changing
2-101 and 2-105 as follows:
(40 ILCS 5/2-101)
(from Ch. 108 1/2, par. 2-101)
Creation of system.
A retirement system is
created to provide
retirement annuities, survivor's annuities
and other benefits for
members of the General Assembly,
certain elected state officials
The system shall be known as the "General Assembly
All its funds and property shall be a trust
separate from all other
entities, maintained for the purpose of
securing payment of annuities and
benefits under this Article.
Participation in the retirement system created under this
Article by members of the General Assembly is
persons who become participants before January 1, 2013.
Beginning on that date, the System shall not accept any new
participants who are members of the General Assembly.
(Source: P.A. 83-1440.)
(40 ILCS 5/2-105)
(from Ch. 108 1/2, par. 2-105)
"Member": Members of the General
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Assembly of this
including persons who enter military
service while a member of the
and any person
serving as Governor, Lieutenant Governor,
Secretary of State,
Treasurer, Comptroller, or Attorney General for the period
service in such office.
Any person who has served for 10 or more years as Clerk or
of the House of Representatives, Secretary or
Assistant Secretary of the
Senate, or any combination thereof,
may elect to become a member
of this system while thenceforth
engaged in such service by filing a
written election with the
board. Any person so electing shall be
deemed an active member
of the General Assembly for the purpose of validating
transferring any service credits earned under any of the funds
established under Articles 3 through 18 of this
However, notwithstanding any other provision of this
Article, a member of the General Assembly
shall not be deemed a
member for the purposes of this Article unless he or she
a participant of the System before January 1, 2013.
(Source: P.A. 85-1008.)
This Act takes effect upon