103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
SB2415

 

Introduced 2/10/2023, by Sen. Michael W. Halpin

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/22B-101

    Amends the Illinois Pension Code. Makes a technical change in a Section concerning the establishment of the Police Officers' Pension Investment Fund.


LRB103 29259 RPS 55646 b

 

 

A BILL FOR

 

SB2415LRB103 29259 RPS 55646 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
5changing Section 22B-101 as follows:
 
6    (40 ILCS 5/22B-101)
7    Sec. 22B-101. Establishment. The The Police Officers'
8Pension Investment Fund is created with authority to manage
9the reserves, funds, assets, securities, properties, and
10moneys of the police pension funds created pursuant to Article
113 of this Code, all as provided in this Article.
12(Source: P.A. 101-610, eff. 1-1-20.)