101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
SB3277

 

Introduced 2/11/2020, by Sen. Ram Villivalam

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/14-101  from Ch. 108 1/2, par. 14-101

    Amends the Illinois Pension Code. Makes a technical change in a Section concerning State employees.


LRB101 20561 RPS 70180 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB3277LRB101 20561 RPS 70180 b

1    AN ACT concerning public employee benefits.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Pension Code is amended by changing
5Section 14-101 as follows:
 
6    (40 ILCS 5/14-101)  (from Ch. 108 1/2, par. 14-101)
7    Sec. 14-101. Creation of system. A retirement and and
8benefit system is created to provide retirement annuities and
9other benefits for employees of the State of Illinois. The
10system shall be known as the "State Employees' Retirement
11System of Illinois". By such name all its business shall be
12transacted and its cash and other property held in trust for
13the purposes of this Article.
14(Source: P.A. 80-841.)