(25 ILCS 130/3A-1)
Sec. 3A-1. Commission on Government Forecasting and Accountability; pension
laws.
(a) The Commission on Government Forecasting and Accountability shall have the powers, duties, and functions that may be
provided by law.
(b) The Commission shall make a continuing study of the
laws
and practices pertaining to pensions and related retirement and disability
benefits for persons in State or local government service and their survivors
and dependents, shall evaluate existing laws and practices, and shall review
and make recommendations on proposed changes to those laws and practices.
(c) The Commission shall be responsible for the preparation of Pension
Impact Notes as provided in the Pension Impact Note Act.
(d) The Commission shall report to the General Assembly annually or as it
deems necessary or useful on the results of its studies and the performance of
its duties.
(e) The Commission may request assistance from any other entity as necessary
or useful for the performance of its duties.
(f) For purposes of the Successor Agency Act and Section 9b of the State
Finance
Act, the Commission on Government Forecasting and Accountability is the successor to the
Pension Laws Commission.
The Commission on Government Forecasting and Accountability succeeds to and assumes all powers, duties,
rights, responsibilities, personnel, assets, liabilities, and indebtedness of
the Pension Laws Commission.
Any reference in any law, rule, form, or other
document to the Pension Laws
Commission is
deemed to be a reference to the Commission on Government Forecasting and Accountability.
(Source: P.A. 93-632, eff. 2-1-04; 93-1067, eff. 1-15-05.)
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