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Sen. John G. Mulroe
Filed: 4/10/2013
| | 09800SB1635sam002 | | LRB098 07054 EFG 44236 a |
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1 | | AMENDMENT TO SENATE BILL 1635
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2 | | AMENDMENT NO. ______. Amend Senate Bill 1635 by replacing |
3 | | everything after the enacting clause with the following:
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4 | | "Section 5. The Illinois Pension Code is amended by adding |
5 | | Section 6-230 as follows:
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6 | | (40 ILCS 5/6-230 new) |
7 | | Sec. 6-230. Non-forfeitability. Upon termination of the |
8 | | Fund or upon the complete discontinuance of contributions to |
9 | | the Fund, the rights of each participant to benefits accrued to |
10 | | the date of the termination or discontinuance are |
11 | | non-forfeitable to the extent then funded.
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12 | | Section 90. The State Mandates Act is amended by adding |
13 | | Section 8.37 as follows:
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14 | | (30 ILCS 805/8.37 new) |