Bill Text: IL SB3341 | 2015-2016 | 99th General Assembly | Introduced

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Bill Title: Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago municipal employees, officers, and officials.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2016-02-19 - Referred to Assignments [SB3341 Detail]

Download: Illinois-2015-SB3341-Introduced.html

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99TH GENERAL ASSEMBLY State of Illinois 2015 and 2016 SB3341 Introduced 2/19/2016, by Sen. Napoleon Harris, III SYNOPSIS AS INTRODUCED:
40 ILCS 5/8-101 from Ch. 108 1/2, par. 8-101
Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago municipal employees, officers, and officials.
LRB099 19572 EFG 43967 b
PENSION IMPACT NOTE ACT MAY APPLY
A BILL FOR
SB3341 LRB099 19572 EFG 43967 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 8-101 as follows:
(40 ILCS 5/8-101) (from Ch. 108 1/2, par. 8-101)
Sec. 8-101. Creation of fund. In each city of more than
500,000 inhabitants a Municipal Employees', Officers', and and
Officials' Annuity and Benefit Fund shall be created, set
apart, maintained and administered, in the manner prescribed in
this Article, for the benefit of the employees, officers and
officials herein designated, and their beneficiaries.
(Source: Laws 1963, p. 161.)