93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB5953


 
Introduced 2/6/2004, by Tom Cross
 
SYNOPSIS AS INTRODUCED:
 		












40 ILCS 5/16-101
  from Ch. 108 1/2, par. 16-101









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
















LRB093 17770 LRD 43450 b

















PENSION IMPACT NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











HB5953

LRB093 17770 LRD 43450 b






1
    AN ACT in relation to public employee benefits. 

 
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    Be it enacted by the People of the State of Illinois, 
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represented in the General Assembly: 


 
4
    Section 5. The Illinois Pension Code is amended by changing

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Section 16-101 as follows:


 
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    (40 ILCS 5/16-101)  (from Ch. 108 1/2, par. 16-101)

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    Sec. 16-101. Creation of system.   Effective July 1, 1939,

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there is created the "Teachers' Retirement System of the State 
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of
Illinois" for the purpose of providing retirement annuities 
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and other
benefits for teachers, annuitants and beneficiaries. 
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All of its business
shall be transacted, its funds invested, 
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and its assets held in this
such name.


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(Source: P.A. 83-1440.)