93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB4905

 

Introduced 02/04/04, by Brandon W. Phelps

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/14-101   from Ch. 108 1/2, par. 14-101

    Amends the Illinois Pension Code. Makes a technical change in a Section concerning State employees.


LRB093 19572 LRD 45312 b

 

 

A BILL FOR

 

HB4905 LRB093 19572 LRD 45312 b

1     AN ACT in relation to pensions.
 
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 14-101 as follows:
 
6     (40 ILCS 5/14-101)  (from Ch. 108 1/2, par. 14-101)
7     Sec. 14-101. Creation of retirement and benefit system. A
8 retirement and benefit system is created to provide retirement
9 annuities and other benefits for employees of the State of
10 Illinois. The system shall be known as the "State Employees'
11 Retirement System of Illinois". By such name all its business
12 shall be transacted and its cash and other property held in
13 trust for the purposes of this Article.
14 (Source: P.A. 80-841.)