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| | 104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
HB2703 Introduced 2/6/2025, by Rep. Michael J. Kelly SYNOPSIS AS INTRODUCED:
| | 40 ILCS 5/6-101 | from Ch. 108 1/2, par. 6-101 |
| Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago firefighters. |
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| | A BILL FOR |
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| | HB2703 | | LRB104 11663 RPS 21752 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 6-101 as follows:
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| 6 | | (40 ILCS 5/6-101) (from Ch. 108 1/2, par. 6-101) |
| 7 | | Sec. 6-101. Creation of fund. In each city of more than |
| 8 | | 500,000 inhabitants, a firemen's annuity and and benefit fund |
| 9 | | shall be created, set apart, and maintained, for the benefit |
| 10 | | of its firemen, their widows, children and parents, and of all |
| 11 | | contributors to, participants in, and beneficiaries of any |
| 12 | | firemen's pension fund in operation, by authority of law, in |
| 13 | | such city immediately prior to the effective date. For the |
| 14 | | purposes of this Article, the firemen's annuity and benefit |
| 15 | | fund may be referred to as the "fund". |
| 16 | | (Source: Laws 1963, p. 161.) |