|
| | 101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
SB1430 Introduced 2/13/2019, by Sen. Suzy Glowiak SYNOPSIS AS INTRODUCED:
| | 40 ILCS 5/2-101 | from Ch. 108 1/2, par. 2-101 |
|
Amends the Illinois Pension Code. Makes a technical change in a Section
concerning the General Assembly.
|
| |
| | | PENSION IMPACT NOTE ACT MAY APPLY | |
| | A BILL FOR |
|
|
| | SB1430 | | LRB101 10903 RPS 56050 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 2-101 as follows:
|
| 6 | | (40 ILCS 5/2-101) (from Ch. 108 1/2, par. 2-101)
|
| 7 | | Sec. 2-101. Creation of system. A retirement system is |
| 8 | | created to provide retirement annuities,
survivor's annuities |
| 9 | | and
and other benefits for members of the
General Assembly, |
| 10 | | certain elected state officials and their beneficiaries. |
| 11 | | The system shall be known as the "General Assembly |
| 12 | | Retirement System".
All its funds and property shall be a trust |
| 13 | | separate from all other
entities, maintained for the purpose of |
| 14 | | securing payment of annuities and
benefits under this Article.
|
| 15 | | (Source: P.A. 83-1440.)
|