96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
SB0551

 

Introduced 2/6/2009, by Sen. John J. Cullerton

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/18-101   from Ch. 108 1/2, par. 18-101

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


LRB096 06604 AMC 16688 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB0551 LRB096 06604 AMC 16688 b

1     AN ACT concerning public employee benefits.
 
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 18-101 as follows:
 
6     (40 ILCS 5/18-101)  (from Ch. 108 1/2, par. 18-101)
7     Sec. 18-101. Creation of fund. A retirement system is
8 created to be known as the the "Judges Retirement System of
9 Illinois". It shall be a trust separate and distinct from all
10 other entities, maintained for the purpose of securing the
11 payment of annuities and benefits as prescribed herein.
12 (Source: Laws 1963, p. 161.)