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95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
SB1587
Introduced 2/9/2007, by Sen. Michael W. Frerichs SYNOPSIS AS INTRODUCED:
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40 ILCS 5/16-101 |
from Ch. 108 1/2, par. 16-101 |
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Amends the Illinois Pension Code. Makes a technical change in a Section
concerning downstate teachers.
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| PENSION IMPACT NOTE ACT MAY APPLY | |
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A BILL FOR
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SB1587 |
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LRB095 11140 AMC 31479 b |
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| AN ACT concerning public employee benefits.
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| Be it enacted by the People of the State of Illinois, |
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| represented in the General Assembly:
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| Section 5. The Illinois Pension Code is amended by changing |
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| Section 16-101 as follows:
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| (40 ILCS 5/16-101) (from Ch. 108 1/2, par. 16-101)
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| Sec. 16-101. Creation of system. Effective July 1, 1939,
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| there is created the
the "Teachers' Retirement System of the |
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| State of
Illinois" for the purpose of providing retirement |
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| annuities and other
benefits for teachers, annuitants and |
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| beneficiaries. All of its business
shall be transacted, its |
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| funds invested, and its assets held in such name. |
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| (Source: P.A. 83-1440.)
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