Bill Text: IL HB4642 | 2019-2020 | 101st General Assembly | Introduced

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Bill Title: Amends the Illinois Pension Code. Makes a technical change in a Section concerning the Police Officers' Pension Investment Fund.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2020-02-05 - Referred to Rules Committee [HB4642 Detail]

Download: Illinois-2019-HB4642-Introduced.html

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101ST GENERAL ASSEMBLY State of Illinois 2019 and 2020 HB4642 Introduced , by Rep. Kelly M. Burke SYNOPSIS AS INTRODUCED:
40 ILCS 5/22B-101
Amends the Illinois Pension Code. Makes a technical change in a Section concerning the Police Officers' Pension Investment Fund.
LRB101 19162 RPS 68625 b
PENSION IMPACT NOTE ACT MAY APPLY
A BILL FOR
HB4642 LRB101 19162 RPS 68625 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 22B-101 as follows:
(40 ILCS 5/22B-101)
Sec. 22B-101. Establishment. The The Police Officers'
Pension Investment Fund is created with authority to manage the
reserves, funds, assets, securities, properties, and moneys of
the police pension funds created pursuant to Article 3 of this
Code, all as provided in this Article.
(Source: P.A. 101-610, eff. 1-1-20.)