Bill Text: IL HB1650 | 2019-2020 | 101st General Assembly | Introduced

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

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2019-03-29 - Rule 19(a) / Re-referred to Rules Committee [HB1650 Detail]

Download: Illinois-2019-HB1650-Introduced.html

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101ST GENERAL ASSEMBLY State of Illinois 2019 and 2020 HB1650 Introduced , by Rep. Robert Martwick SYNOPSIS AS INTRODUCED:
40 ILCS 5/16-101 from Ch. 108 1/2, par. 16-101
Amends the Illinois Pension Code. Makes a technical change in a Section concerning downstate teachers.
LRB101 07632 RPS 52679 b
PENSION IMPACT NOTE ACT MAY APPLY
A BILL FOR
HB1650 LRB101 07632 RPS 52679 b
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
Section 16-101 as follows:
(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.)