Bill Text: IL HB0530 | 2011-2012 | 97th General Assembly | Introduced

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

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2013-01-08 - Session Sine Die [HB0530 Detail]

Download: Illinois-2011-HB0530-Introduced.html

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97TH GENERAL ASSEMBLY State of Illinois 2011 and 2012 HB0530 Introduced , by Rep. Michael J. Madigan 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.
LRB097 03357 JDS 43394 b
PENSION IMPACT NOTE ACT MAY APPLY
A BILL FOR
HB0530 LRB097 03357 JDS 43394 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 17-101 as follows:
(40 ILCS 5/17-101) (from Ch. 108 1/2, par. 17-101)
Sec. 17-101. Creation of fund.
In each city with a population over 500,000, there is
created a Public School Teachers' Pension and and Retirement
Fund to be maintained and administered in the manner prescribed
in this Article and to be known as the Public School Teachers'
Pension and Retirement Fund of ....(city).
(Source: Laws 1963, p. 161.)