93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB5764

 

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

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/15-101   from Ch. 108 1/2, par. 15-101

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


LRB093 17266 LRD 42932 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB5764 LRB093 17266 LRD 42932 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 15-101 as follows:
 
6     (40 ILCS 5/15-101)  (from Ch. 108 1/2, par. 15-101)
7     Sec. 15-101. Creation of retirement system. A retirement
8 system is created to provide retirement annuities and other
9 benefits for employees, as defined in this Article, and their
10 dependents.
11     The system shall be known and may be cited as State
12 Universities Retirement System. All the business of the system
13 shall be transacted in that name.
14 (Source: P.A. 83-1440.)