HB4914 101ST GENERAL ASSEMBLY

LRB101 15276 RPS 64453 b

101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB4914

Introduced 2/18/2020, by Rep. Sue Scherer

SYNOPSIS AS INTRODUCED:

40 ILCS 5/16-204 rep.

Amends the Downstate Teacher Article of the Illinois Pension Code. Repeals a provision requiring the System to offer an optional defined contribution benefit to active members of the System. Effective immediately.

FISCAL NOTE ACT MAY APPLY

PENSION IMPACT NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning public employee benefits.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

(40 ILCS 5/16-204 rep.)

Section 5. The Illinois Pension Code is amended by repealing Section 16-204.

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