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| | 101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB4503 Introduced 2/4/2020, by Rep. Michael J. Zalewski SYNOPSIS AS INTRODUCED:
| | 40 ILCS 5/8-101 | from Ch. 108 1/2, par. 8-101 |
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Amends the Illinois Pension Code. Makes a technical change in a Section
concerning Chicago municipal employees, officers, and officials.
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| | | PENSION IMPACT NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | HB4503 | | LRB101 20437 RPS 69993 b |
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| 1 | | AN ACT concerning public employee benefits.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Pension Code is amended by changing |
| 5 | | Section 8-101 as follows:
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| 6 | | (40 ILCS 5/8-101) (from Ch. 108 1/2, par. 8-101)
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| 7 | | Sec. 8-101. Creation of fund. In each city of more than |
| 8 | | 500,000 inhabitants a Municipal Employees',
Officers', and
and |
| 9 | | Officials' Annuity and Benefit Fund shall be created, set
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| 10 | | apart, maintained and administered, in the manner prescribed in |
| 11 | | this
Article, for the benefit of the employees, officers and |
| 12 | | officials herein
designated, and their beneficiaries. |
| 13 | | (Source: Laws 1963, p. 161.)
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