|
Rep. Michael J. Madigan
Filed: 11/4/2013
| | 09800SB1523ham002 | | LRB098 07986 RPM 49428 a |
|
|
| 1 | | AMENDMENT TO SENATE BILL 1523
|
| 2 | | AMENDMENT NO. ______. Amend Senate Bill 1523 by replacing |
| 3 | | everything after the enacting clause with the following:
|
| 4 | | "Section 5. The Illinois Pension Code is amended by |
| 5 | | changing Section 17-101 as follows:
|
| 6 | | (40 ILCS 5/17-101) (from Ch. 108 1/2, par. 17-101)
|
| 7 | | Sec. 17-101. Creation of fund.
|
| 8 | | In each city with a population over 500,000, there is |
| 9 | | created a Public
School Teachers' Pension and
and Retirement |
| 10 | | Fund to be maintained and
administered in the manner prescribed |
| 11 | | in this Article and to be known as
the Public School Teachers' |
| 12 | | Pension and Retirement Fund of ....(city). |
| 13 | | (Source: Laws 1963, p. 161.)".
|