Bill Text: IL SB0448 | 2013-2014 | 98th General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago municipal employees, officers, and officials.

Spectrum: Bipartisan Bill

Status: (Failed) 2015-01-13 - Session Sine Die [SB0448 Detail]

Download: Illinois-2013-SB0448-Introduced.html

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98TH GENERAL ASSEMBLY State of Illinois 2013 and 2014 SB0448 Introduced 1/23/2013, by Sen. John J. Cullerton SYNOPSIS AS INTRODUCED:
40 ILCS 5/8-101 from Ch. 108 1/2, par. 8-101
Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago municipal employees, officers, and officials.
LRB098 04668 EFG 34696 b
PENSION IMPACT NOTE ACT MAY APPLY
A BILL FOR
SB0448 LRB098 04668 EFG 34696 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 8-101 as follows:
(40 ILCS 5/8-101) (from Ch. 108 1/2, par. 8-101)
Sec. 8-101. Creation of fund. In each city of more than
500,000 inhabitants a Municipal Employees', Officers', and and
Officials' Annuity and Benefit Fund shall be created, set
apart, maintained and administered, in the manner prescribed in
this Article, for the benefit of the employees, officers and
officials herein designated, and their beneficiaries.
(Source: Laws 1963, p. 161.)