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92_SB1916
LRB9213461EGfg
1 AN ACT in relation to 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
5 changing 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. In each city of more than
8 500,000 inhabitants, a Laborers' and Retirement Board
9 Employees' Annuity and Benefit Fund shall be created, set
10 apart, maintained and administered, in the manner prescribed
11 in this Article, for the benefit of the laborers and
12 retirement board employees, herein designated in this
13 Article, and their beneficiaries.
14 (Source: Laws 1963, p. 161.)