Bill Text: IL SB2692 | 2011-2012 | 97th General Assembly | Introduced

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Bill Title: Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago laborers and retirement board employees.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2013-01-08 - Session Sine Die [SB2692 Detail]

Download: Illinois-2011-SB2692-Introduced.html

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97TH GENERAL ASSEMBLY State of Illinois 2011 and 2012 SB2692 Introduced 1/18/2012, by Sen. John J. Cullerton SYNOPSIS AS INTRODUCED:
40 ILCS 5/11-101 from Ch. 108 1/2, par. 11-101
Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago laborers and retirement board employees.
LRB097 16094 EFG 61247 b
PENSION IMPACT NOTE ACT MAY APPLY
A BILL FOR
SB2692 LRB097 16094 EFG 61247 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 11-101 as follows:
(40 ILCS 5/11-101) (from Ch. 108 1/2, par. 11-101)
Sec. 11-101. Creation of fund.
In each city of more than 500,000 inhabitants a Laborers'
and and Retirement Board Employees' Annuity and Benefit Fund
shall be created, set apart, maintained and administered, in
the manner prescribed in this Article, for the benefit of the
laborers and retirement board employees, herein designated,
and their beneficiaries.
(Source: Laws 1963, p. 161.)