SB1949 103RD GENERAL ASSEMBLY

LRB103 29257 RPS 55644 b

103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
SB1949

Introduced 2/9/2023, by Sen. Robert F. Martwick

SYNOPSIS AS INTRODUCED:

40 ILCS 5/22B-101

Amends the Illinois Pension Code. Makes a technical change in a Section concerning the establishment of the Police Officers' Pension Investment Fund.

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:

Section 5. The Illinois Pension Code is amended by changing Section 22B-101 as follows:

(40 ILCS 5/22B-101)

Sec. 22B-101. Establishment. The The Police Officers' Pension Investment Fund is created with authority to manage the reserves, funds, assets, securities, properties, and moneys of the police pension funds created pursuant to Article 3 of this Code, all as provided in this Article.

(Source: P.A. 101-610, eff. 1-1-20.)