Bill Text: IL SB3081 | 2019-2020 | 101st General Assembly | Introduced
Bill Title: Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago municipal employees, officers, and officials.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2021-01-13 - Session Sine Die [SB3081 Detail]
Download: Illinois-2019-SB3081-Introduced.html
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1 | AN ACT concerning public employee benefits.
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2 | Be it enacted by the People of the State of Illinois, | ||||||||||||||||||||||||
3 | represented in the General Assembly:
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4 | Section 5. The Illinois Pension Code is amended by changing | ||||||||||||||||||||||||
5 | Section 8-101 as follows:
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6 | (40 ILCS 5/8-101) (from Ch. 108 1/2, par. 8-101)
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7 | Sec. 8-101. Creation of fund. In each city of more than | ||||||||||||||||||||||||
8 | 500,000 inhabitants a Municipal Employees',
Officers', and
and | ||||||||||||||||||||||||
9 | Officials' Annuity and Benefit Fund shall be created, set
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10 | apart, maintained and administered, in the manner prescribed in | ||||||||||||||||||||||||
11 | this
Article, for the benefit of the employees, officers and | ||||||||||||||||||||||||
12 | officials herein
designated, and their beneficiaries. | ||||||||||||||||||||||||
13 | (Source: Laws 1963, p. 161 .)
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