99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
SB0436

 

Introduced 1/28/2015, by Sen. John J. Cullerton

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/11-101  from Ch. 108 1/2, par. 11-101

    Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago laborers and retirement board employees.


LRB099 03096 RPS 23104 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB0436LRB099 03096 RPS 23104 b

1    AN ACT concerning public employee benefits.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Pension Code is amended by changing
5Section 11-101 as follows:
 
6    (40 ILCS 5/11-101)  (from Ch. 108 1/2, par. 11-101)
7    Sec. 11-101. Creation of fund. In each city of more than
8500,000 inhabitants a Laborers' and and Retirement Board
9Employees' Annuity and Benefit Fund shall be created, set
10apart, maintained and administered, in the manner prescribed in
11this Article, for the benefit of the laborers and retirement
12board employees, herein designated, and their beneficiaries.
13(Source: Laws 1963, p. 161.)