Bill Text: IL HB0407 | 2013-2014 | 98th General Assembly | Introduced

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Bill Title: Amends the Illinois Pension Code. Makes a technical change in a Section concerning the Metropolitan Water Reclamation District.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2014-12-03 - Session Sine Die [HB0407 Detail]

Download: Illinois-2013-HB0407-Introduced.html

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98TH GENERAL ASSEMBLY State of Illinois 2013 and 2014 HB0407 Introduced , by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
40 ILCS 5/13-101 from Ch. 108 1/2, par. 13-101
Amends the Illinois Pension Code. Makes a technical change in a Section concerning the Metropolitan Water Reclamation District.
LRB098 03239 JDS 33254 b
PENSION IMPACT NOTE ACT MAY APPLY
A BILL FOR
HB0407 LRB098 03239 JDS 33254 b
AN ACT concerning public employee benefits.
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 13-101 as follows:
(40 ILCS 5/13-101) (from Ch. 108 1/2, par. 13-101)
Sec. 13-101. Creation of Fund. In each sanitary district
organized under the the Metropolitan Water Reclamation
District Act, a Sanitary District Employees' and Trustees'
Annuity and Benefit Fund shall be created, set apart,
maintained and administered, in the manner prescribed in this
Article for the benefit of the employees herein designated and
their beneficiaries. Beginning January 1, 1992, the Fund shall
be known as the Metropolitan Water Reclamation District
Retirement Fund.
(Source: P.A. 87-794.)