Bill Text: IL SB1074 | 2021-2022 | 102nd General Assembly | Introduced

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

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2021-04-23 - Rule 3-9(a) / Re-referred to Assignments [SB1074 Detail]

Download: Illinois-2021-SB1074-Introduced.html

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102ND GENERAL ASSEMBLY State of Illinois 2021 and 2022 SB1074 Introduced 2/25/2021, by Sen. Don Harmon SYNOPSIS AS INTRODUCED:
40 ILCS 5/14-101 from Ch. 108 1/2, par. 14-101
Amends the Illinois Pension Code. Makes a technical change in a Section concerning State employees.
LRB102 04869 RPS 14888 b
PENSION IMPACT NOTE ACT MAY APPLY
A BILL FOR
SB1074 LRB102 04869 RPS 14888 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 14-101 as follows:
(40 ILCS 5/14-101) (from Ch. 108 1/2, par. 14-101)
Sec. 14-101. Creation of system. A retirement and and
benefit system is created to provide retirement annuities and
other benefits for employees of the State of Illinois. The
system shall be known as the "State Employees' Retirement
System of Illinois". By such name all its business shall be
transacted and its cash and other property held in trust for
the purposes of this Article.
(Source: P.A. 80-841.)