97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB0527

 

Introduced 01/31/11, by Rep. Michael J. Madigan

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/15-101  from Ch. 108 1/2, par. 15-101

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


LRB097 03354 JDS 43391 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB0527LRB097 03354 JDS 43391 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 15-101 as follows:
 
6    (40 ILCS 5/15-101)  (from Ch. 108 1/2, par. 15-101)
7    Sec. 15-101. Creation of system. A retirement system is
8created to provide retirement annuities and and other benefits
9for employees, as defined in this Article, and their
10dependents.
11    The system shall be known and may be cited as State
12Universities Retirement System. All the business of the system
13shall be transacted in that name.
14(Source: P.A. 83-1440.)