102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB0126

 

Introduced 1/14/2021, by Rep. Sue Scherer

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/16-204 rep.

    Amends the Downstate Teacher Article of the Illinois Pension Code. Repeals a provision requiring the System to offer an optional defined contribution benefit to active members of the System. Effective immediately.


LRB102 02770 RPS 12777 b

FISCAL NOTE ACT MAY APPLY
PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB0126LRB102 02770 RPS 12777 b

1    AN ACT concerning public employee benefits.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    (40 ILCS 5/16-204 rep.)
5    Section 5. The Illinois Pension Code is amended by
6repealing Section 16-204.
 
7    Section 99. Effective date. This Act takes effect upon
8becoming law.