|
| | 99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
SB0811 Introduced 2/5/2015, by Sen. Martin A. Sandoval SYNOPSIS AS INTRODUCED:
| | 40 ILCS 5/17-101 | from Ch. 108 1/2, par. 17-101 |
|
Amends the Illinois Pension Code. Makes a technical change in a Section
concerning Chicago teachers.
|
| |
| | | PENSION IMPACT NOTE ACT MAY APPLY | |
| | A BILL FOR |
|
|
| | SB0811 | | LRB099 07470 EFG 27592 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 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. In each city with a |
| 8 | | population over 500,000, there is created a Public
School |
| 9 | | Teachers' Pension and
and Retirement Fund to be maintained and
|
| 10 | | administered in the manner prescribed in this Article and to be |
| 11 | | known as
the Public School Teachers' Pension and Retirement |
| 12 | | Fund of ....(city). |
| 13 | | (Source: Laws 1963, p. 161.)
|