SB2694 97TH GENERAL ASSEMBLY

LRB097 16096 EFG 61249 b

97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
SB2694

Introduced 1/18/2012, by Sen. John J. Cullerton

SYNOPSIS AS INTRODUCED:

40 ILCS 5/13-101

from Ch. 108 1/2, par. 13-101

Amends the Illinois Pension Code. Makes a technical change in a Section concerning the Metropolitan Water Reclamation District.

PENSION IMPACT NOTE ACT MAY APPLY

A BILL FOR

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 13-101 as follows:

(40 ILCS 5/13-101) (from Ch. 108 1/2, par. 13-101)

Sec. 13-101. Creation of Fund. In each sanitary district organized under the the Metropolitan Water Reclamation District Act, a Sanitary District Employees' and Trustees' 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 herein designated and their beneficiaries. Beginning January 1, 1992, the Fund shall be known as the Metropolitan Water Reclamation District Retirement Fund.

(Source: P.A. 87-794.)