Bill Text: IL HB4518 | 2011-2012 | 97th General Assembly | Introduced
Bill Title: Amends the Illinois Pension Code. Makes a technical change in a Section concerning downstate teachers.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2013-01-08 - Session Sine Die [HB4518 Detail]
Download: Illinois-2011-HB4518-Introduced.html
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1 | AN ACT concerning public employee benefits.
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2 | Be it enacted by the People of the State of Illinois, | |||||||||||||||||||
3 | represented in the General Assembly:
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4 | Section 5. The Illinois Pension Code is amended by changing | |||||||||||||||||||
5 | Section 16-101 as follows:
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6 | (40 ILCS 5/16-101) (from Ch. 108 1/2, par. 16-101)
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7 | Sec. 16-101. Creation of system. Effective July 1, 1939,
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8 | there is created the
the "Teachers' Retirement System of the | |||||||||||||||||||
9 | State of
Illinois" for the purpose of providing retirement | |||||||||||||||||||
10 | annuities and other
benefits for teachers, annuitants and | |||||||||||||||||||
11 | beneficiaries. All of its business
shall be transacted, its | |||||||||||||||||||
12 | funds invested, and its assets held in such name. | |||||||||||||||||||
13 | (Source: P.A. 83-1440.)
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