Bill Text: IL SB0373 | 2017-2018 | 100th General Assembly | Introduced

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Bill Title: Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago laborers and retirement board employees.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2019-01-09 - Session Sine Die [SB0373 Detail]

Download: Illinois-2017-SB0373-Introduced.html

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100TH GENERAL ASSEMBLY State of Illinois 2017 and 2018 SB0373 Introduced 1/24/2017, by Sen. John J. Cullerton SYNOPSIS AS INTRODUCED:
40 ILCS 5/11-101 from Ch. 108 1/2, par. 11-101
Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago laborers and retirement board employees.
LRB100 05081 RPS 15091 b
PENSION IMPACT NOTE ACT MAY APPLY
A BILL FOR
SB0373 LRB100 05081 RPS 15091 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 11-101 as follows:
(40 ILCS 5/11-101) (from Ch. 108 1/2, par. 11-101)
Sec. 11-101. Creation of fund. In each city of more than
500,000 inhabitants a Laborers' and and Retirement Board
Employees' Annuity and Benefit Fund shall be created, set
apart, maintained and administered, in the manner prescribed in
this Article, for the benefit of the laborers and retirement
board employees, herein designated, and their beneficiaries.
(Source: Laws 1963, p. 161.)