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| | 104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
HB0703 Introduced 1/9/2025, by Rep. Emanuel "Chris" Welch 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. |
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| | A BILL FOR |
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| | HB0703 | | LRB104 04594 RPS 14621 b |
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| 1 | | AN ACT concerning public employee benefits.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Pension Code is amended by |
| 5 | | changing Section 14-101 as follows:
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| 6 | | (40 ILCS 5/14-101) (from Ch. 108 1/2, par. 14-101) |
| 7 | | Sec. 14-101. Creation of system. A retirement and and |
| 8 | | benefit system is created to provide retirement annuities and |
| 9 | | other benefits for employees of the State of Illinois. The |
| 10 | | system shall be known as the "State Employees' Retirement |
| 11 | | System of Illinois". By such name all its business shall be |
| 12 | | transacted and its cash and other property held in trust for |
| 13 | | the purposes of this Article. |
| 14 | | (Source: P.A. 80-841.) |