HB0408ham001 98TH GENERAL ASSEMBLY

Rep. Elaine Nekritz

Filed: 4/30/2014

09800HB0408ham001 LRB098 03232 RPM 58417 a

AMENDMENT TO HOUSE BILL 408

AMENDMENT NO. ______. Amend House Bill 408 by replacing everything after the enacting clause with the following:

"Section 5. The Illinois Pension Code is amended by changing Section 6-188 as follows:

(40 ILCS 5/6-188) (from Ch. 108 1/2, par. 6-188)

Sec. 6-188. To submit annual report to city council.

To submit a report annually in June to the city council. The report shall be made as of the close of business on December 31st of the preceding year, and shall contain a detailed statement of the affairs of the fund, its income and disbursements for such year, its assets and liabilities, the amount of revenue needed from all sources to fund those liabilities, and the status of the fund reserves.

(Source: Laws 1963, p. 161.)".