Illinois General Assembly - Full Text of SB1580
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Full Text of SB1580  102nd General Assembly

SB1580 102ND GENERAL ASSEMBLY


 


 
102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
SB1580

 

Introduced 2/26/2021, by Sen. Robert F. Martwick

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/17-101  from Ch. 108 1/2, par. 17-101

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


LRB102 11406 RPS 16739 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB1580LRB102 11406 RPS 16739 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 17-101 as follows:
 
6    (40 ILCS 5/17-101)  (from Ch. 108 1/2, par. 17-101)
7    Sec. 17-101. Creation of fund. In each city with a
8population over 500,000, there is created a Public School
9Teachers' Pension and and Retirement Fund to be maintained and
10administered in the manner prescribed in this Article and to
11be known as the Public School Teachers' Pension and Retirement
12Fund of ....(city).
13(Source: Laws 1963, p. 161.)