Bill Text: IL SB3277 | 2019-2020 | 101st General Assembly | Introduced

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Bill Title: Amends the Illinois Pension Code. Makes a technical change in a Section concerning State employees.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2021-01-13 - Session Sine Die [SB3277 Detail]

Download: Illinois-2019-SB3277-Introduced.html

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101ST GENERAL ASSEMBLY State of Illinois 2019 and 2020 SB3277 Introduced 2/11/2020, by Sen. Ram Villivalam SYNOPSIS AS INTRODUCED:
40 ILCS 5/14-101 from Ch. 108 1/2, par. 14-101
Amends the Illinois Pension Code. Makes a technical change in a Section concerning State employees.
LRB101 20561 RPS 70180 b
PENSION IMPACT NOTE ACT MAY APPLY
A BILL FOR
SB3277 LRB101 20561 RPS 70180 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 14-101 as follows:
(40 ILCS 5/14-101) (from Ch. 108 1/2, par. 14-101)
Sec. 14-101. Creation of system. A retirement and and
benefit system is created to provide retirement annuities and
other benefits for employees of the State of Illinois. The
system shall be known as the "State Employees' Retirement
System of Illinois". By such name all its business shall be
transacted and its cash and other property held in trust for
the purposes of this Article.
(Source: P.A. 80-841.)