Bill Text: IL SB1949 | 2023-2024 | 103rd General Assembly | Introduced

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Bill Title: Amends the Illinois Pension Code. Makes a technical change in a Section concerning the establishment of the Police Officers' Pension Investment Fund.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2023-02-09 - Referred to Assignments [SB1949 Detail]

Download: Illinois-2023-SB1949-Introduced.html

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103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 SB1949 Introduced 2/9/2023, by Sen. Robert F. Martwick SYNOPSIS AS INTRODUCED:
40 ILCS 5/22B-101
Amends the Illinois Pension Code. Makes a technical change in a Section concerning the establishment of the Police Officers' Pension Investment Fund.
LRB103 29257 RPS 55644 b
A BILL FOR
SB1949 LRB103 29257 RPS 55644 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 22B-101 as follows:
(40 ILCS 5/22B-101)
Sec. 22B-101. Establishment. The The Police Officers'
Pension Investment Fund is created with authority to manage
the reserves, funds, assets, securities, properties, and
moneys of the police pension funds created pursuant to Article
3 of this Code, all as provided in this Article.
(Source: P.A. 101-610, eff. 1-1-20.)