Bill Text: IL SB0632 | 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 Chicago municipal employees, officers, and officials.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2021-01-13 - Session Sine Die [SB0632 Detail]

Download: Illinois-2019-SB0632-Introduced.html

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101ST GENERAL ASSEMBLY State of Illinois 2019 and 2020 SB0632 Introduced 1/31/2019, by Sen. John J. Cullerton SYNOPSIS AS INTRODUCED:
40 ILCS 5/8-101 from Ch. 108 1/2, par. 8-101
Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago municipal employees, officers, and officials.
LRB101 04411 RPS 49419 b
PENSION IMPACT NOTE ACT MAY APPLY
A BILL FOR
SB0632 LRB101 04411 RPS 49419 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 8-101 as follows:
(40 ILCS 5/8-101) (from Ch. 108 1/2, par. 8-101)
Sec. 8-101. Creation of fund. In each city of more than
500,000 inhabitants a Municipal Employees', Officers', and and
Officials' Annuity and Benefit Fund shall be created, set
apart, maintained and administered, in the manner prescribed in
this Article, for the benefit of the employees, officers and
officials herein designated, and their beneficiaries.
(Source: Laws 1963, p. 161.)