SB2984sam001 96TH GENERAL ASSEMBLY

Sen. William R. Haine

Filed: 2/22/2010

09600SB2984sam001 LRB096 18030 AMC 37233 a

AMENDMENT TO SENATE BILL 2984

AMENDMENT NO. ______. Amend Senate Bill 2984 by replacing everything after the enacting clause with the following:

"Section 5. The Illinois Pension Code is amended by changing Section 7-102 as follows:

(40 ILCS 5/7-102) (from Ch. 108 1/2, par. 7-102)

Sec. 7-102. Purpose. The The purpose of this fund is to provide a sound and efficient system for the payment of annuities and other benefits, in addition to the annuities and benefits available, as herein provided, under the Federal Social Security Act, to certain officers and employees, and to their beneficiaries, of municipalities, as herein defined.

It is the mission of this Fund to efficiently and impartially develop, implement and administer programs that provide income protection to members and their beneficiaries on behalf of participating employers in a prudent manner.

(Source: P.A. 87-740.)".