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| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB0523 Introduced 01/31/11, by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
| | 40 ILCS 5/11-101 | from Ch. 108 1/2, par. 11-101 |
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Amends the Illinois Pension Code. Makes a technical change in a Section
concerning Chicago laborers and retirement board employees.
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| | | PENSION IMPACT NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | HB0523 | | LRB097 03350 JDS 43387 b |
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| 1 | | AN ACT concerning public employee benefits.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Pension Code is amended by changing |
| 5 | | Section 11-101 as follows:
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| 6 | | (40 ILCS 5/11-101) (from Ch. 108 1/2, par. 11-101)
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| 7 | | Sec. 11-101. Creation of fund.
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| 8 | | In each city of more than 500,000 inhabitants a Laborers' |
| 9 | | and
and Retirement
Board Employees' Annuity and Benefit Fund |
| 10 | | shall be created, set apart,
maintained and administered, in |
| 11 | | the manner prescribed in this Article, for
the benefit of the |
| 12 | | laborers and retirement board employees, herein
designated, |
| 13 | | and their beneficiaries. |
| 14 | | (Source: Laws 1963, p. 161.)
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