93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
SB2312

 

Introduced 1/28/2004, by Bill Brady

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/18-101   from Ch. 108 1/2, par. 18-101

    Amends the Illinois Pension Code. Makes a technical change in a Section concerning judges. Effective Immediately


LRB093 19775 LRD 45517 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB2312 LRB093 19775 LRD 45517 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 18-101 as follows:
 
6     (40 ILCS 5/18-101)  (from Ch. 108 1/2, par. 18-101)
7     Sec. 18-101. Creation of fund. A retirement system is
8 created to be known as the "Judges Retirement System of
9 Illinois". It shall be a trust separate and distinct from all
10 other entities, maintained for the purpose of securing the
11 payment of annuities and benefits as prescribed in this Article
12 herein.
13 (Source: Laws 1963, p. 161.)
 
14     Section 99. Effective date. This Act takes effect upon
15 becoming law.