Bill Text: IL SB0480 | 2013-2014 | 98th 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) 2015-01-13 - Session Sine Die [SB0480 Detail]

Download: Illinois-2013-SB0480-Introduced.html

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98TH GENERAL ASSEMBLY State of Illinois 2013 and 2014 SB0480 Introduced 1/23/2013, 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.
LRB098 04679 EFG 34707 b
PENSION IMPACT NOTE ACT MAY APPLY
A BILL FOR
SB0480 LRB098 04679 EFG 34707 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.)