95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
SB0816

 

Introduced 2/8/2007, by Sen. Kwame Raoul - Emil Jones, Jr.

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/17-101   from Ch. 108 1/2, par. 17-101

    Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago teachers.


LRB095 05520 AMC 25610 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB0816 LRB095 05520 AMC 25610 b

1     AN ACT concerning public employee benefits.
 
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 17-101 as follows:
 
6     (40 ILCS 5/17-101)  (from Ch. 108 1/2, par. 17-101)
7     Sec. 17-101. Creation of fund. In each city with a
8 population over 500,000, there is created a Public School
9 Teachers' Pension and and Retirement Fund to be maintained and
10 administered in the manner prescribed in this Article and to be
11 known as the Public School Teachers' Pension and Retirement
12 Fund of ....(city).
13 (Source: Laws 1963, p. 161.)