Bill Text: IL HB0410 | 2013-2014 | 98th General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago municipal employees, officers, and officials.

Spectrum: Slight Partisan Bill (Democrat 5-2)

Status: (Failed) 2014-12-03 - Session Sine Die [HB0410 Detail]

Download: Illinois-2013-HB0410-Introduced.html

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98TH GENERAL ASSEMBLY State of Illinois 2013 and 2014 HB0410 Introduced , by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
40 ILCS 5/8-101 from Ch. 108 1/2, par. 8-101
Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago municipal employees, officers, and officials.
LRB098 03234 JDS 33249 b
PENSION IMPACT NOTE ACT MAY APPLY
A BILL FOR
HB0410 LRB098 03234 JDS 33249 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 8-101 as follows:
(40 ILCS 5/8-101) (from Ch. 108 1/2, par. 8-101)
Sec. 8-101. Creation of fund.
In each city of more than 500,000 inhabitants a Municipal
Employees', Officers', and and Officials' 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, officers and officials herein designated, and
their beneficiaries.
(Source: Laws 1963, p. 161.)