Bill Text: IL HB0705 | 2025-2026 | 104th General Assembly | Introduced

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

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2025-01-09 - Referred to Rules Committee [HB0705 Detail]

Download: Illinois-2025-HB0705-Introduced.html

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104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB0705 Introduced , by Rep. Emanuel "Chris" Welch SYNOPSIS AS INTRODUCED:
40 ILCS 5/15-101 from Ch. 108 1/2, par. 15-101
Amends the Illinois Pension Code. Makes a technical change in a Section concerning State universities.
LRB104 04596 RPS 14623 b
A BILL FOR
HB0705 LRB104 04596 RPS 14623 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 15-101 as follows:
(40 ILCS 5/15-101) (from Ch. 108 1/2, par. 15-101)
Sec. 15-101. Creation of system. A retirement system is
created to provide retirement annuities and and other benefits
for employees, as defined in this Article, and their
dependents.
The system shall be known and may be cited as State
Universities Retirement System. All the business of the system
shall be transacted in that name.
(Source: P.A. 83-1440.)