102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB2049

 

Introduced 2/17/2021, by Rep. Jim Durkin

 

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.


LRB102 12265 RPS 17602 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB2049LRB102 12265 RPS 17602 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    Section 5. The Illinois Pension Code is amended by
5changing 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
8created to provide retirement annuities, survivor's annuities
9and and other benefits for members of the General Assembly,
10certain elected state officials and their beneficiaries.
11    The system shall be known as the "General Assembly
12Retirement System". All its funds and property shall be a
13trust separate from all other entities, maintained for the
14purpose of securing payment of annuities and benefits under
15this Article.
16(Source: P.A. 83-1440.)