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| | 102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB3434 Introduced 2/22/2021, by Rep. Michael Halpin SYNOPSIS AS INTRODUCED:
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Amends the Illinois Pension Code. Makes a technical change in a Section concerning the Police Officers' Pension Investment Fund.
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| | | PENSION IMPACT NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | HB3434 | | LRB102 12794 RPS 18134 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,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Pension Code is amended by |
| 5 | | changing Section 22B-101 as follows:
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| 6 | | (40 ILCS 5/22B-101) |
| 7 | | Sec. 22B-101. Establishment. The The Police Officers' |
| 8 | | Pension Investment Fund is created with authority to manage |
| 9 | | the reserves, funds, assets, securities, properties, and |
| 10 | | moneys of the police pension funds created pursuant to Article |
| 11 | | 3 of this Code, all as provided in this Article.
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| 12 | | (Source: P.A. 101-610, eff. 1-1-20.)
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