100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
Introduced , by Rep. Steven A. Andersson
SYNOPSIS AS INTRODUCED:
40 ILCS 5/2-101
from Ch. 108 1/2, par. 2-101
40 ILCS 5/2-105
from Ch. 108 1/2, par. 2-105
Amends the General Assembly Article of the Illinois Pension Code.
Restricts participation in the General Assembly Retirement System by
members of the General Assembly to persons who become participants before
January 1, 2018 and provides that, beginning on that date, the System shall
not accept any new participants who are members of the General Assembly.
Makes related changes. Effective immediately.
|FISCAL NOTE ACT MAY APPLY||PENSION IMPACT NOTE ACT MAY APPLY|
A BILL FOR
|HB0765||LRB100 07411 RPS 17475 b|
AN ACT concerning public employee benefits.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
The Illinois Pension Code is amended by changing
2-101 and 2-105 as follows:
(40 ILCS 5/2-101)
(from Ch. 108 1/2, par. 2-101)
Creation of system.
A retirement system is
created to provide
retirement annuities, survivor's annuities
and other benefits for
members of the General Assembly,
certain elected state officials
The system shall be known as the "General Assembly
All its funds and property shall be a trust
separate from all other
entities, maintained for the purpose of
securing payment of annuities and
benefits under this Article.
Participation in the retirement system created under this
Article by members of the General Assembly is
persons who become participants before January 1, 2018.
Beginning on that date, the System shall not accept any new
participants who are members of the General Assembly.
(Source: P.A. 83-1440.)
(40 ILCS 5/2-105)
(from Ch. 108 1/2, par. 2-105)
"Member": Members of the General