SB1065 amends the Illinois Pension Code to make a technical change to the General Assembly Retirement System.
SB1065 amends the Illinois Pension Code by modifying Section 2-101 concerning the General Assembly Retirement System. The bill makes a technical change to ensure the system's funds and property are maintained as a trust for securing payment of annuities and benefits. The General Assembly Retirement System provides retirement annuities, survivor's annuities, and other benefits for members of the General Assembly, certain elected state officials, and their beneficiaries.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.