SB2835eng 98TH GENERAL ASSEMBLY

SB2835 Engrossed LRB098 18635 EFG 53778 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 6-188 as follows:

(40 ILCS 5/6-188) (from Ch. 108 1/2, par. 6-188)

Sec. 6-188. To submit annual report to city council.

To submit a report annually in June to the city council. The report shall be made as of the close of business on December 31st of the preceding year, and shall contain a detailed statement of the affairs of the fund, its income and disbursements for such year, its assets and liabilities, the amount of revenue needed from all sources to fund those liabilities, and the status of the fund reserves.

(Source: Laws 1963, p. 161.)