Bill Text: IL HB1153 | 2017-2018 | 100th 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) 2019-01-08 - Session Sine Die [HB1153 Detail]

Download: Illinois-2017-HB1153-Introduced.html


100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB1153

Introduced , by Rep. Michael J. Madigan

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.
LRB100 03837 RPS 13842 b
PENSION IMPACT NOTE ACT MAY APPLY

A BILL FOR

HB1153LRB100 03837 RPS 13842 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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