96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
SB0544

 

Introduced 2/6/2009, by Sen. John J. Cullerton

 

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.


LRB096 06597 AMC 16681 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB0544 LRB096 06597 AMC 16681 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 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 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, and their beneficiaries.
13 (Source: Laws 1963, p. 161.)