98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB0419

 

Introduced 1/25/2013, by Rep. Michael J. Madigan

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/18-101  from Ch. 108 1/2, par. 18-101

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


LRB098 03244 JDS 33259 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB0419LRB098 03244 JDS 33259 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 18-101 as follows:
 
6    (40 ILCS 5/18-101)  (from Ch. 108 1/2, par. 18-101)
7    Sec. 18-101. Creation of fund.
8    A retirement system is created to be known as the the
9"Judges Retirement System of Illinois". It shall be a trust
10separate and distinct from all other entities, maintained for
11the purpose of securing the payment of annuities and benefits
12as prescribed herein.
13(Source: Laws 1963, p. 161.)