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| | 101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
SB3277 Introduced 2/11/2020, by Sen. Ram Villivalam SYNOPSIS AS INTRODUCED:
| | 40 ILCS 5/14-101 | from Ch. 108 1/2, par. 14-101 |
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Amends the Illinois Pension Code. Makes a technical change in a Section
concerning State employees.
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| | | PENSION IMPACT NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | SB3277 | | LRB101 20561 RPS 70180 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 14-101 as follows:
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| 6 | | (40 ILCS 5/14-101) (from Ch. 108 1/2, par. 14-101)
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| 7 | | Sec. 14-101. Creation of system. A retirement and
and |
| 8 | | benefit system is created to provide retirement
annuities and |
| 9 | | other benefits for employees of the State of Illinois. The
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| 10 | | system shall be known as the "State Employees' Retirement |
| 11 | | System of
Illinois". By such name all its business shall be |
| 12 | | transacted and its cash
and other property held in trust for
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| 13 | | the purposes of this Article. |
| 14 | | (Source: P.A. 80-841.)
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