|
| | 101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
SB0635 Introduced 1/31/2019, by Sen. John J. Cullerton 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.
|
| |
| | | PENSION IMPACT NOTE ACT MAY APPLY | |
| | A BILL FOR |
|
|
| | SB0635 | | LRB101 04414 RPS 49422 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. In each city of more than |
| 8 | | 500,000 inhabitants a Laborers' and
and Retirement
Board |
| 9 | | Employees' Annuity and Benefit Fund shall be created, set |
| 10 | | apart,
maintained and administered, in the manner prescribed in |
| 11 | | this Article, for
the benefit of the laborers and retirement |
| 12 | | board employees, herein
designated, and their beneficiaries. |
| 13 | | (Source: Laws 1963, p. 161.)
|