State of Illinois
92nd General Assembly
Legislation

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92_HB4516

 
                                               LRB9212355EGfg

 1        AN ACT in relation to 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
 5    changing Section 14-101 as follows:

 6        (40 ILCS 5/14-101) (from Ch. 108 1/2, par. 14-101)
 7        Sec. 14-101. Creation of retirement system.  A retirement
 8    and benefit system is created to provide retirement annuities
 9    and  other  benefits  for employees of the State of Illinois.
10    The system shall be known as the "State Employees' Retirement
11    System of Illinois".  By such name all its business shall  be
12    transacted  and its cash and other property held in trust for
13    the purposes of this Article.
14    (Source: P.A. 80-841.)

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