95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HB2049


 
Introduced 2/26/2007, by Rep. Michael J. Madigan - Barbara Flynn Currie - Richard T. Bradley
 
SYNOPSIS AS INTRODUCED:
 		













40 ILCS 5/5-101
  from Ch. 108 1/2, par. 5-101








    Amends the Illinois Pension Code. Makes a technical change in a Section
concerning Chicago police.
















LRB095 01515 AMC 21517 b

















PENSION IMPACT NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











HB2049

LRB095 01515 AMC 21517 b






1
    AN ACT concerning public employee benefits.

 
2
    Be it enacted by the People of the State of Illinois, 
3
represented in the General Assembly: 


 
4
    Section 5. The Illinois Pension Code is amended by changing 
5
Section 5-101 as follows:
 



6
    (40 ILCS 5/5-101)  (from Ch. 108 1/2, par. 5-101)



7
    Sec. 5-101. Creation of fund. In each city of more than 
8
500,000 inhabitants a policemen's annuity and
and
benefit fund 
9
shall be created and maintained for the benefit of its

10
policemen, their widows and children, and of all contributors 
11
to,
participants in, and beneficiaries of any police pension 
12
fund in operation,
by authority of law, in such city 
13
immediately prior to the effective date.
For the purposes of 
14
this Article, the policemen's annuity and benefit fund
may be 
15
referred to as the "fund."
16
(Source: Laws 1963, p. 161.)