Sen. Chris Lauzen

Filed: 3/11/2010

 

 


 

 


 
09600SB2920sam001 LRB096 16989 AMC 38764 a

1
AMENDMENT TO SENATE BILL 2920

2     AMENDMENT NO. ______. Amend Senate Bill 2920 by replacing
3 everything after the enacting clause with the following:
 
4     "Section 5. The Illinois Pension Code is amended by
5 changing Sections 2-101 and 2-105 as follows:
 
6     (40 ILCS 5/2-101)  (from Ch. 108 1/2, par. 2-101)
7     Sec. 2-101. Creation of system. A retirement system is
8 created to provide retirement annuities, survivor's annuities
9 and other benefits for certain members of the General Assembly,
10 certain elected state officials, and their beneficiaries.
11     The system shall be known as the "General Assembly
12 Retirement System". All its funds and property shall be a trust
13 separate from all other entities, maintained for the purpose of
14 securing payment of annuities and benefits under this Article.
15     Participation in the retirement system created under this
16 Article is restricted to persons who become participants before

 

 

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1 July 1, 2010. Beginning on that date, the System shall not
2 accept any new participants.
3 (Source: P.A. 83-1440.)
 
4     (40 ILCS 5/2-105)  (from Ch. 108 1/2, par. 2-105)
5     Sec. 2-105. Member. "Member": Members of the General
6 Assembly of this State, including persons who enter military
7 service while a member of the General Assembly, and any person
8 serving as Governor, Lieutenant Governor, Secretary of State,
9 Treasurer, Comptroller, or Attorney General for the period of
10 service in such office.
11     Any person who has served for 10 or more years as Clerk or
12 Assistant Clerk of the House of Representatives, Secretary or
13 Assistant Secretary of the Senate, or any combination thereof,
14 may elect to become a member of this system while thenceforth
15 engaged in such service by filing a written election with the
16 board. Any person so electing shall be deemed an active member
17 of the General Assembly for the purpose of validating and
18 transferring any service credits earned under any of the funds
19 and systems established under Articles 3 through 18 of this
20 Code.
21     However, notwithstanding any other provision of this
22 Article, a person shall not be deemed a member for the purposes
23 of this Article unless he or she became a participant of the
24 System before July 1, 2010.
25 (Source: P.A. 85-1008.)
 

 

 

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1     Section 99. Effective date. This Act takes effect upon
2 becoming law.".