Bill Text: IL SB2803 | 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 State universities.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2013-01-08 - Session Sine Die [SB2803 Detail]

Download: Illinois-2011-SB2803-Introduced.html

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97TH GENERAL ASSEMBLY State of Illinois 2011 and 2012 SB2803 Introduced 1/18/2012, by Sen. Mike Jacobs SYNOPSIS AS INTRODUCED:
40 ILCS 5/15-101 from Ch. 108 1/2, par. 15-101
Amends the Illinois Pension Code. Makes a technical change in a Section concerning State universities.
LRB097 16384 EFG 61546 b
PENSION IMPACT NOTE ACT MAY APPLY
A BILL FOR
SB2803 LRB097 16384 EFG 61546 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 15-101 as follows:
(40 ILCS 5/15-101) (from Ch. 108 1/2, par. 15-101)
Sec. 15-101. Creation of system. A retirement system is
created to provide retirement annuities and and other benefits
for employees, as defined in this Article, and their
dependents.
The system shall be known and may be cited as State
Universities Retirement System. All the business of the system
shall be transacted in that name.
(Source: P.A. 83-1440.)