Bill Text: IL SB0382 | 2017-2018 | 100th General Assembly | Introduced
Bill Title: Amends the Illinois Pension Code. Makes a technical change in a Section concerning judges.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2019-01-09 - Session Sine Die [SB0382 Detail]
Download: Illinois-2017-SB0382-Introduced.html
| |||||||||||||||||||||||||
| |||||||||||||||||||||||||
| |||||||||||||||||||||||||
| |||||||||||||||||||||||||
| |||||||||||||||||||||||||
1 | AN ACT concerning public employee benefits.
| ||||||||||||||||||||||||
2 | Be it enacted by the People of the State of Illinois, | ||||||||||||||||||||||||
3 | represented in the General Assembly:
| ||||||||||||||||||||||||
4 | Section 5. The Illinois Pension Code is amended by changing | ||||||||||||||||||||||||
5 | Section 18-101 as follows:
| ||||||||||||||||||||||||
6 | (40 ILCS 5/18-101) (from Ch. 108 1/2, par. 18-101)
| ||||||||||||||||||||||||
7 | Sec. 18-101. Creation of fund. A retirement system is | ||||||||||||||||||||||||
8 | created to be known as the the "Judges Retirement
System of | ||||||||||||||||||||||||
9 | Illinois". It shall be a trust separate and distinct from all
| ||||||||||||||||||||||||
10 | other entities, maintained for the purpose of securing the | ||||||||||||||||||||||||
11 | payment of
annuities and benefits as prescribed herein.
| ||||||||||||||||||||||||
12 | (Source: Laws 1963, p. 161 .)
|