Bill Text: IL HB5436 | 2009-2010 | 96th General Assembly | Introduced


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

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-02-05 - Referred to Rules Committee [HB5436 Detail]

Download: Illinois-2009-HB5436-Introduced.html


96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB5436

Introduced 2/5/2010, by Rep. Kevin A. McCarthy

SYNOPSIS AS INTRODUCED:
40 ILCS 5/2-101 from Ch. 108 1/2, par. 2-101

Amends the Illinois Pension Code. Makes a technical change in a Section concerning the General Assembly.
LRB096 19496 AMC 34888 b
PENSION IMPACT NOTE ACT MAY APPLY

A BILL FOR

HB5436 LRB096 19496 AMC 34888 b
1 AN ACT concerning public employee benefits.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Illinois Pension Code is amended by changing
5 Section 2-101 as follows:
6 (40 ILCS 5/2-101) (from Ch. 108 1/2, par. 2-101)
7 Sec. 2-101. Creation of system. A retirement system is
8 created to provide retirement annuities, survivor's annuities
9 and and other benefits for members of the General Assembly,
10 certain elected state officials and their beneficiaries.
11 The system shall be known as the "General Assembly
12 Retirement System". All its funds and property shall be a trust
13 separate from all other entities, maintained for the purpose of
14 securing payment of annuities and benefits under this Article.
15 (Source: P.A. 83-1440.)
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