Illinois General Assembly - Full Text of HB0523

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Full Text of HB0523 97th General Assembly

Introduced
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HB0523 97TH GENERAL ASSEMBLY

97TH GENERAL ASSEMBLY State of Illinois 2011 and 2012
HB0523

Introduced 01/31/11, by Rep. Michael J. Madigan

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.

LRB097 03350 JDS 43387 b

PENSION IMPACT NOTE ACT MAY APPLY

A BILL FOR

HB0523 LRB097 03350 JDS 43387 b

1     AN ACT concerning public employee benefits.

2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:

4     Section 5. The Illinois Pension Code is amended by changing
5 Section 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.
8     In each city of more than 500,000 inhabitants a Laborers'
9 and~~and~~Retirement Board Employees' Annuity and Benefit Fund
10 shall be created, set apart, maintained and administered, in
11 the manner prescribed in this Article, for the benefit of the
12 laborers and retirement board employees, herein designated,
13 and their beneficiaries.
14 (Source: Laws 1963, p. 161.)

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