101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
SB3080

 

Introduced 2/6/2020, by Sen. Cristina Castro

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/22B-101

    Amends the Illinois Pension Code. Makes a technical change in a Section concerning the Police Officers' Pension Investment Fund.


LRB101 19165 RPS 68628 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB3080LRB101 19165 RPS 68628 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 22B-101 as follows:
 
6    (40 ILCS 5/22B-101)
7    Sec. 22B-101. Establishment. The The Police Officers'
8Pension Investment Fund is created with authority to manage the
9reserves, funds, assets, securities, properties, and moneys of
10the police pension funds created pursuant to Article 3 of this
11Code, all as provided in this Article.
12(Source: P.A. 101-610, eff. 1-1-20.)