Illinois General Assembly - Full Text of SB0818
Illinois General Assembly

Previous General Assemblies

Full Text of SB0818  95th General Assembly

SB0818 95TH GENERAL ASSEMBLY


 


 
95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
SB0818

 

Introduced 2/8/2007, by Sen. Kwame Raoul - Emil Jones, Jr.

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/16-101   from Ch. 108 1/2, par. 16-101

    Amends the Illinois Pension Code. Makes a technical change in a Section concerning downstate teachers.


LRB095 05519 AMC 25609 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB0818 LRB095 05519 AMC 25609 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 16-101 as follows:
 
6     (40 ILCS 5/16-101)  (from Ch. 108 1/2, par. 16-101)
7     Sec. 16-101. Creation of system. Effective July 1, 1939,
8 there is created the the "Teachers' Retirement System of the
9 State of Illinois" for the purpose of providing retirement
10 annuities and other benefits for teachers, annuitants and
11 beneficiaries. All of its business shall be transacted, its
12 funds invested, and its assets held in such name.
13 (Source: P.A. 83-1440.)