100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
SB3433

 

Introduced 2/16/2018, by Sen. Emil Jones, III

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/14-101  from Ch. 108 1/2, par. 14-101

    Amends the Illinois Pension Code. Makes a technical change in a Section concerning State employees.


LRB100 20844 MJP 36338 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB3433LRB100 20844 MJP 36338 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 14-101 as follows:
 
6    (40 ILCS 5/14-101)  (from Ch. 108 1/2, par. 14-101)
7    Sec. 14-101. Creation of system. A retirement and and
8benefit system is created to provide retirement annuities and
9other benefits for employees of the State of Illinois. The
10system shall be known as the "State Employees' Retirement
11System of Illinois". By such name all its business shall be
12transacted and its cash and other property held in trust for
13the purposes of this Article.
14(Source: P.A. 80-841.)