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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 |
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Amends the Illinois Pension Code. Makes a technical change in a Section
concerning Chicago teachers.
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| | | PENSION IMPACT NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | HB0530 | | LRB097 03357 JDS 43394 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 changing |
| 5 | | Section 17-101 as follows:
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| 6 | | (40 ILCS 5/17-101) (from Ch. 108 1/2, par. 17-101)
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| 7 | | Sec. 17-101. Creation of fund.
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| 8 | | In each city with a population over 500,000, there is |
| 9 | | created a Public
School Teachers' Pension and
and Retirement |
| 10 | | Fund to be maintained and
administered in the manner prescribed |
| 11 | | in this Article and to be known as
the Public School Teachers' |
| 12 | | Pension and Retirement Fund of ....(city). |
| 13 | | (Source: Laws 1963, p. 161.)
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