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90_HB3487
40 ILCS 5/16-101 from Ch. 108 1/2, par. 16-101
Amends the Illinois Pension Code. Makes a technical
change in a reference to the downstate Teachers' Retirement
System.
LRB9011078EGfg
LRB9011078EGfg
1 AN ACT to amend the Illinois Pension Code by changing
2 Section 16-101.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Pension Code is amended by
6 changing Section 16-101 as follows:
7 (40 ILCS 5/16-101) (from Ch. 108 1/2, par. 16-101)
8 Sec. 16-101. Creation of system. Effective July 1,
9 1939, there is created the "Teachers' Retirement System of
10 the State of Illinois" for the purpose of providing
11 retirement annuities and other benefits for teachers,
12 annuitants and beneficiaries. All of its business shall be
13 transacted, its funds invested, and its assets held in that
14 such name.
15 (Source: P.A. 83-1440.)