93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB5752

 

Introduced 2/6/2004, by Michael J. Madigan

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/8-101   from Ch. 108 1/2, par. 8-101

    Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago municipal employees, officers, and officials.


LRB093 17275 LRD 42941 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB5752 LRB093 17275 LRD 42941 b

1     AN ACT in relation to pensions.
 
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 8-101 as follows:
 
6     (40 ILCS 5/8-101)  (from Ch. 108 1/2, par. 8-101)
7     Sec. 8-101. Creation of fund. In each city of more than
8 500,000 inhabitants a Municipal Employees', Officers', and
9 Officials' Annuity and Benefit Fund shall be created, set
10 apart, maintained and administered, in the manner prescribed in
11 this Article, for the benefit of the employees, officers and
12 officials herein designated in this Article, and their
13 beneficiaries.
14 (Source: Laws 1963, p. 161.)