|
|
|
|
95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HB2057
Introduced 2/26/2007, by Rep. Michael J. Madigan - Barbara Flynn Currie - Richard T. Bradley SYNOPSIS AS INTRODUCED:
|
|
40 ILCS 5/2-101 |
from Ch. 108 1/2, par. 2-101 |
|
Amends the Illinois Pension Code. Makes a technical change in a Section
concerning the General Assembly.
|
| |
|
|
| PENSION IMPACT NOTE ACT MAY APPLY | |
|
|
|
A BILL FOR
|
|
|
|
|
HB2057 |
|
LRB095 01507 AMC 21509 b |
|
|
| 1 |
| AN ACT concerning public employee benefits.
|
| 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 2-101 as follows:
|
| 6 |
| (40 ILCS 5/2-101) (from Ch. 108 1/2, par. 2-101)
|
| 7 |
| Sec. 2-101. Creation of system. A retirement system is |
| 8 |
| created to provide retirement annuities,
survivor's annuities |
| 9 |
| and
and other benefits for members of the
General Assembly, |
| 10 |
| certain elected state officials and their beneficiaries. |
| 11 |
| The system shall be known as the "General Assembly |
| 12 |
| Retirement System".
All its funds and property shall be a trust |
| 13 |
| separate from all other
entities, maintained for the purpose of |
| 14 |
| securing payment of annuities and
benefits under this Article.
|
| 15 |
| (Source: P.A. 83-1440.)
|