093_SB1716 LRB093 02834 LRD 02850 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 5 changing Section 11-101 as follows: 6 (40 ILCS 5/11-101) (from Ch. 108 1/2, par. 11-101) 7 Sec. 11-101. Creation of fund. In each city of more than 8 500,000 inhabitants a Laborers' and Retirement Board 9 Employees' Annuity and Benefit Fund shall be created, set 10 apart, maintained and administered, in the manner prescribed 11 in this Article, for the benefit of the laborers and 12 retirement board employees,hereindesignated in this 13 Article, and their beneficiaries. 14 (Source: Laws 1963, p. 161.)