96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB5550

 

Introduced 2/9/2010, by Rep. Tom Cross

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/15-101   from Ch. 108 1/2, par. 15-101

    Amends the Illinois Pension Code. Makes a technical change in a Section concerning State universities.


LRB096 19283 AMC 34674 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB5550 LRB096 19283 AMC 34674 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 15-101 as follows:
 
6     (40 ILCS 5/15-101)  (from Ch. 108 1/2, par. 15-101)
7     Sec. 15-101. Creation of system. A retirement system is
8 created to provide retirement annuities and and other benefits
9 for employees, as defined in this Article, and their
10 dependents.
11     The system shall be known and may be cited as State
12 Universities Retirement System. All the business of the system
13 shall be transacted in that name.
14 (Source: P.A. 83-1440.)