Bill Text: IL HB5111 | 2013-2014 | 98th General Assembly | Introduced
Bill Title: Amends the Illinois Pension Code. Makes a technical change in a Section concerning the General Assembly.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2014-12-03 - Session Sine Die [HB5111 Detail]
Download: Illinois-2013-HB5111-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 2-101 as follows:
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6 | (40 ILCS 5/2-101) (from Ch. 108 1/2, par. 2-101)
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7 | Sec. 2-101. Creation of system. A retirement system is | |||||||||||||||||||
8 | created to provide retirement annuities,
survivor's annuities | |||||||||||||||||||
9 | and
and other benefits for members of the
General Assembly, | |||||||||||||||||||
10 | certain elected state officials and their beneficiaries. | |||||||||||||||||||
11 | The system shall be known as the "General Assembly | |||||||||||||||||||
12 | Retirement System".
All its funds and property shall be a trust | |||||||||||||||||||
13 | separate from all other
entities, maintained for the purpose of | |||||||||||||||||||
14 | securing payment of annuities and
benefits under this Article.
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15 | (Source: P.A. 83-1440.)
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