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Sen. Chris Lauzen
Filed: 3/11/2010
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09600SB2920sam001 |
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LRB096 16989 AMC 38764 a |
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| AMENDMENT TO SENATE BILL 2920
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| AMENDMENT NO. ______. Amend Senate Bill 2920 by replacing |
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| everything after the enacting clause with the following:
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| "Section 5. The Illinois Pension Code is amended by |
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| changing Sections
2-101 and 2-105 as follows:
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| (40 ILCS 5/2-101) (from Ch. 108 1/2, par. 2-101)
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| Sec. 2-101. Creation of system. A retirement system is |
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| created to provide
retirement annuities, survivor's annuities |
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| and other benefits for certain
members of the General Assembly, |
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| certain elected state officials, and their
beneficiaries.
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| The system shall be known as the "General Assembly |
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| Retirement System".
All its funds and property shall be a trust |
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| separate from all other
entities, maintained for the purpose of |
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| securing payment of annuities and
benefits under this Article.
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| Participation in the retirement system created under this |
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| Article is
restricted to persons who become participants before |
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09600SB2920sam001 |
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LRB096 16989 AMC 38764 a |
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| July 1, 2010.
Beginning on that date, the System shall not |
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| accept any new participants.
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| (Source: P.A. 83-1440.)
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| (40 ILCS 5/2-105) (from Ch. 108 1/2, par. 2-105)
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| Sec. 2-105. Member. "Member": Members of the General |
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| Assembly of this
State, including persons who enter military |
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| service while a member of the
General Assembly, and any person |
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| serving as Governor, Lieutenant Governor,
Secretary of State, |
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| Treasurer, Comptroller, or Attorney General for the period
of |
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| service in such office.
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| Any person who has served for 10 or more years as Clerk or |
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| Assistant Clerk
of the House of Representatives, Secretary or |
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| Assistant Secretary of the
Senate, or any combination thereof, |
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| may elect to become a member
of this system while thenceforth |
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| engaged in such service by filing a
written election with the |
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| board. Any person so electing shall be
deemed an active member |
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| of the General Assembly for the purpose of validating
and |
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| transferring any service credits earned under any of the funds |
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| and systems
established under Articles 3 through 18 of this |
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| Code.
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| However, notwithstanding any other provision of this |
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| Article, a person
shall not be deemed a member for the purposes |
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| of this Article unless he or she
became a participant of the |
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| System before July 1, 2010.
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| (Source: P.A. 85-1008.)
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