Bill Text: IL SB1430 | 2019-2020 | 101st General Assembly | Introduced


Bill Title: Amends the Illinois Pension Code. Makes a technical change in a Section concerning the General Assembly.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2021-01-13 - Session Sine Die [SB1430 Detail]

Download: Illinois-2019-SB1430-Introduced.html


101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
SB1430

Introduced 2/13/2019, by Sen. Suzy Glowiak

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

Amends the Illinois Pension Code. Makes a technical change in a Section concerning the General Assembly.
LRB101 10903 RPS 56050 b
PENSION IMPACT NOTE ACT MAY APPLY

A BILL FOR

SB1430LRB101 10903 RPS 56050 b
1 AN ACT concerning public employee benefits.
2 Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4 Section 5. The Illinois Pension Code is amended by changing
5Section 2-101 as follows:
6 (40 ILCS 5/2-101) (from Ch. 108 1/2, par. 2-101)
7 Sec. 2-101. Creation of system. A retirement system is
8created to provide retirement annuities, survivor's annuities
9and and other benefits for members of the General Assembly,
10certain elected state officials and their beneficiaries.
11 The system shall be known as the "General Assembly
12Retirement System". All its funds and property shall be a trust
13separate from all other entities, maintained for the purpose of
14securing payment of annuities and benefits under this Article.
15(Source: P.A. 83-1440.)
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