PUBLIC EMPLOYEE BENEFITS-TECH
Illinois SB 1065 amends 40 ILCS 5/2-101 to clean up language for the General Assembly Retirement System; no change to benefits, eligibility, funding, or administration.
Illinois SB 1065 amends 40 ILCS 5/2-101 to clean up language for the General Assembly Retirement System; no change to benefits, eligibility, funding, or administration.
Note: The provided file appears to include multiple different draft texts from several jurisdictions (including Arizona, Hawaii, and Illinois) all labeled “SB 1065.” This summary focuses on the clearly identified Illinois measure in the packet (LRB104 05403 RPS 15432 b), which amends the Illinois Pension Code. If you intended a different state’s SB 1065 (Arizona or Hawaii drafts included in the file), please confirm and I will prepare a separate summary.
SB 1065 makes a technical revision to the Illinois Pension Code (40 ILCS 5/2-101), the section that creates and defines the General Assembly Retirement System. The amendment updates statutory language in the provision that establishes the retirement system for members of the General Assembly and certain elected state officials.
Exact revised text excerpt (as supplied):
- “A retirement system is created to provide retirement annuities, survivor's annuities and and other benefits for members of the General Assembly, certain elected state officials and their beneficiaries. The system shall be known as the ‘General Assembly Retirement System’. All its funds and property shall be a trust separate from all other entities, maintained for the purpose of securing payment of annuities and benefits under this Article.”
(If enacted, the duplicate “and and” would presumably be corrected in final drafting; the substantive meaning remains unchanged.)
Compiled from official sources — confirm details with the bill’s official record.
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