HB5758 93RD GENERAL ASSEMBLY

LRB093 17272 LRD 42938 b

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.

PENSION IMPACT NOTE ACT MAY APPLY

A BILL FOR

AN ACT in relation to pensions.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Pension Code is amended by changing Section 11-101 as follows:

(40 ILCS 5/11-101) (from Ch. 108 1/2, par. 11-101)

Sec. 11-101. Creation of fund. In each city of more than 500,000 inhabitants a Laborers' and Retirement Board Employees' Annuity and Benefit Fund shall be created, set apart, maintained and administered, in the manner prescribed in this Article, for the benefit of the laborers and retirement board employees, herein designated in this Article, and their beneficiaries.

(Source: Laws 1963, p. 161.)