97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
SB1278

 

Introduced 2/8/2011, by Sen. Don Harmon

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/4-115.2 new

    Amends the Downstate Firefighters Article of the Illinois Pension Code. Provides that any benefit to be received by or paid to a dependent beneficiary may be received by or paid to a trust established for such dependent beneficiary if the dependent beneficiary is living at the time such benefit would be received by or paid to such trust. Effective immediately.


LRB097 05069 JDS 45110 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB1278LRB097 05069 JDS 45110 b

1    AN ACT concerning public employee benefits.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Pension Code is amended by adding
5Section 4-115.2 as follows:
 
6    (40 ILCS 5/4-115.2 new)
7    Sec. 4-115.2. Dependent beneficiaries; payment to trust.
8Any benefit to be received by or paid to a dependent
9beneficiary may be received by or paid to a trust established
10for such dependent beneficiary if the dependent beneficiary is
11living at the time such benefit would be received by or paid to
12such trust.
 
13    Section 99. Effective date. This Act takes effect upon
14becoming law.