Bill Text: IL SB1580 | 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 Chicago teachers.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2021-02-26 - Referred to Assignments [SB1580 Detail]

Download: Illinois-2021-SB1580-Introduced.html

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102ND GENERAL ASSEMBLY State of Illinois 2021 and 2022 SB1580 Introduced 2/26/2021, by Sen. Robert F. Martwick SYNOPSIS AS INTRODUCED:
40 ILCS 5/17-101 from Ch. 108 1/2, par. 17-101
Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago teachers.
LRB102 11406 RPS 16739 b
PENSION IMPACT NOTE ACT MAY APPLY
A BILL FOR
SB1580 LRB102 11406 RPS 16739 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 17-101 as follows:
(40 ILCS 5/17-101) (from Ch. 108 1/2, par. 17-101)
Sec. 17-101. Creation of fund. In each city with a
population over 500,000, there is created a Public School
Teachers' Pension and and Retirement Fund to be maintained and
administered in the manner prescribed in this Article and to
be known as the Public School Teachers' Pension and Retirement
Fund of ....(city).
(Source: Laws 1963, p. 161.)