SB3566 97TH GENERAL ASSEMBLY

LRB097 19921 EFG 65211 b

97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
SB3566

Introduced 2/10/2012, by Sen. Kirk W. Dillard

SYNOPSIS AS INTRODUCED:

40 ILCS 5/1-103.1

from Ch. 108 1/2, par. 1-103.1

Amends the General Provisions Article of the Illinois Pension Code. Provides that a Public Act that amends the Code and takes effect after January 1, 2013 must be limited to one of the following: (i) amendments to a single Article of the Code, (ii) amendments affecting a single pension fund, retirement system, entity, or plan established under the Code, or (iii) revisory matters. Any amendment to the Code that violates this requirement is null and void.

PENSION IMPACT NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning public employee pensions.

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 1-103.1 as follows:

(40 ILCS 5/1-103.1) (from Ch. 108 1/2, par. 1-103.1)

Sec. 1-103.1. Enactment and application Application of amendments.

(a) A Public Act that amends this Code and takes effect after January 1, 2013 must be limited to one of the following: (i) amendments to a single Article of this Code, (ii) amendments affecting a single pension fund, retirement system, entity, or plan established under this Code, or (iii) revisory matters. Any amendment to this Code that violates this requirement is null and void.

(b) Amendments to this Code which have been or may be enacted shall be applicable only to persons who, on or after the effective date thereof, are in service as an employee under the retirement system or pension fund covered by the Article which is amended, unless the amendatory Act specifies otherwise.

(Source: P.A. 77-1415.)