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94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
SB2027
Introduced 2/25/2005, by Sen. Christine Radogno SYNOPSIS AS INTRODUCED:
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40 ILCS 5/7-102 |
from Ch. 108 1/2, par. 7-102 |
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Amends the Illinois Pension Code. Makes a technical change in a Section
concerning the Illinois Municipal Retirement Fund.
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| PENSION IMPACT NOTE ACT MAY APPLY | |
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A BILL FOR
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SB2027 |
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LRB094 11175 AMC 41836 b |
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| AN ACT concerning 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:
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| Section 5. The Illinois Pension Code is amended by changing |
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| Section 7-102 as follows:
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| (40 ILCS 5/7-102) (from Ch. 108 1/2, par. 7-102)
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| Sec. 7-102. Purpose. The
The purpose of this fund is to |
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| provide a sound and
efficient system for
the payment of |
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| annuities and other benefits, in addition to the annuities
and |
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| benefits available, as herein provided, under the Federal |
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| Social
Security Act, to certain officers and employees, and to |
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| their
beneficiaries, of municipalities, as herein defined. |
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| It is the mission of this Fund to efficiently and |
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| impartially develop,
implement and administer programs that |
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| provide income protection to members
and their beneficiaries on |
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| behalf of participating employers in a prudent
manner.
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| (Source: P.A. 87-740.)
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