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| | 102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
SB1434 Introduced 2/25/2021, by Sen. Dan McConchie SYNOPSIS AS INTRODUCED:
| | 40 ILCS 5/18-101 | from Ch. 108 1/2, par. 18-101 |
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Amends the Illinois Pension Code. Makes a technical change in a Section
concerning judges.
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| | | PENSION IMPACT NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | SB1434 | | LRB102 11212 RPS 16544 b |
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| 1 | | AN ACT concerning public employee benefits.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Pension Code is amended by |
| 5 | | changing Section 18-101 as follows:
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| 6 | | (40 ILCS 5/18-101) (from Ch. 108 1/2, par. 18-101)
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| 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
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| 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.)
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