HB5547 98TH GENERAL ASSEMBLY

LRB098 18612 EFG 53753 b

98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB5547

Introduced , by Rep. Elaine Nekritz

SYNOPSIS AS INTRODUCED:

40 ILCS 5/6-190.1

from Ch. 108 1/2, par. 6-190.1

Amends the Chicago Firefighter Article of the Illinois Pension Code. Provides that, beginning in 2015, the board shall adopt an annual budget at its December meeting for the succeeding calendar year.

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 6-190.1 as follows:

(40 ILCS 5/6-190.1) (from Ch. 108 1/2, par. 6-190.1)

Sec. 6-190.1. To have a budget. The board shall adopt an annual budget at its regular January meeting. Beginning in 2015, the board shall adopt an annual budget at its December meeting for the succeeding calendar year.

(Source: P.A. 86-273.)