93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB5758

 

Introduced 2/6/2004, by Michael J. Madigan

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/11-101   from Ch. 108 1/2, par. 11-101

    Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago laborers and retirement board employees.


LRB093 17272 LRD 42938 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB5758 LRB093 17272 LRD 42938 b

1     AN ACT in relation to pensions.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The Illinois Pension Code is amended by changing
5 Section 11-101 as follows:
 
6     (40 ILCS 5/11-101)  (from Ch. 108 1/2, par. 11-101)
7     Sec. 11-101. Creation of fund. In each city of more than
8 500,000 inhabitants a Laborers' and Retirement Board
9 Employees' Annuity and Benefit Fund shall be created, set
10 apart, maintained and administered, in the manner prescribed in
11 this Article, for the benefit of the laborers and retirement
12 board employees, herein designated in this Article, and their
13 beneficiaries.
14 (Source: Laws 1963, p. 161.)