93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB5762

 

Introduced 2/6/2004, by Michael J. Madigan

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/17-101   from Ch. 108 1/2, par. 17-101

    Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago teachers.


LRB093 17264 LRD 42930 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB5762 LRB093 17264 LRD 42930 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 17-101 as follows:
 
6     (40 ILCS 5/17-101)  (from Ch. 108 1/2, par. 17-101)
7     Sec. 17-101. Creation of pension and retirement fund. In
8 each city with a population over 500,000, there is created a
9 Public School Teachers' Pension and Retirement Fund to be
10 maintained and administered in the manner prescribed in this
11 Article and to be known as the Public School Teachers' Pension
12 and Retirement Fund of ....(city).
13 (Source: Laws 1963, p. 161.)