Bill Text: IL HB1252 | 2013-2014 | 98th General Assembly | Introduced

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Bill Title: Amends the General Assembly, State Employees, State Universities, Downstate Teachers, and Judges Articles of the Illinois Pension Code. Makes a technical change in the Sections creating those retirement systems.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2014-12-03 - Session Sine Die [HB1252 Detail]

Download: Illinois-2013-HB1252-Introduced.html

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98TH GENERAL ASSEMBLY State of Illinois 2013 and 2014 HB1252 Introduced , by Rep. Lou Lang SYNOPSIS AS INTRODUCED:
40 ILCS 5/2-101 from Ch. 108 1/2, par. 2-101
40 ILCS 5/14-101 from Ch. 108 1/2, par. 14-101
40 ILCS 5/15-101 from Ch. 108 1/2, par. 15-101
40 ILCS 5/16-101 from Ch. 108 1/2, par. 16-101
40 ILCS 5/18-101 from Ch. 108 1/2, par. 18-101
Amends the General Assembly, State Employees, State Universities, Downstate Teachers, and Judges Articles of the Illinois Pension Code. Makes a technical change in the Sections creating those retirement systems.
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PENSION IMPACT NOTE ACT MAY APPLY
A BILL FOR
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AN ACT concerning public employee benefits.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Pension Code is amended by changing
Sections 2-101, 14-101, 15-101, 16-101, and 18-101 as follows:
(40 ILCS 5/2-101) (from Ch. 108 1/2, par. 2-101)
Sec. 2-101. Creation of system. A retirement system is
created to provide retirement annuities, survivor's annuities
and other benefits for for members of the General Assembly,
certain elected state officials and their beneficiaries.
The system shall be known as the "General Assembly
Retirement System". All its funds and property shall be a trust
separate from all other entities, maintained for the purpose of
securing payment of annuities and benefits under this Article.
(Source: P.A. 83-1440.)
(40 ILCS 5/14-101) (from Ch. 108 1/2, par. 14-101)
Sec. 14-101. Creation of system. A retirement and and
benefit system is created to provide retirement annuities and
other benefits for employees of the State of Illinois. The
system shall be known as the "State Employees' Retirement
System of Illinois". By such name all its business shall be
transacted and its cash and other property held in trust for

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the purposes of this Article.
(Source: P.A. 80-841.)
(40 ILCS 5/15-101) (from Ch. 108 1/2, par. 15-101)
Sec. 15-101. Creation of system. A retirement system is
created to provide retirement annuities and and other benefits
for employees, as defined in this Article, and their
dependents.
The system shall be known and may be cited as State
Universities Retirement System. All the business of the system
shall be transacted in that name.
(Source: P.A. 83-1440.)
(40 ILCS 5/16-101) (from Ch. 108 1/2, par. 16-101)
Sec. 16-101. Creation of system. Effective July 1, 1939,
there is created the the "Teachers' Retirement System of the
State of Illinois" for the purpose of providing retirement
annuities and other benefits for teachers, annuitants and
beneficiaries. All of its business shall be transacted, its
funds invested, and its assets held in such name.
(Source: P.A. 83-1440.)
(40 ILCS 5/18-101) (from Ch. 108 1/2, par. 18-101)
Sec. 18-101. Creation of fund.
A retirement system is created to be known as the the
"Judges Retirement System of Illinois". It shall be a trust

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separate and distinct from all other entities, maintained for
the purpose of securing the payment of annuities and benefits
as prescribed herein.
(Source: Laws 1963, p. 161.)