97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB0530

 

Introduced 1/31/2011, by Rep. Michael J. Madigan

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/17-101  from Ch. 108 1/2, par. 17-101

    Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago teachers.


LRB097 03357 JDS 43394 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB0530LRB097 03357 JDS 43394 b

1    AN ACT concerning public employee benefits.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Pension Code is amended by changing
5Section 17-101 as follows:
 
6    (40 ILCS 5/17-101)  (from Ch. 108 1/2, par. 17-101)
7    Sec. 17-101. Creation of fund.
8    In each city with a population over 500,000, there is
9created a Public School Teachers' Pension and and Retirement
10Fund to be maintained and administered in the manner prescribed
11in this Article and to be known as the Public School Teachers'
12Pension and Retirement Fund of ....(city).
13(Source: Laws 1963, p. 161.)