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96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB1572
Introduced 2/18/2009, by Rep. Michael J. Madigan - Barbara Flynn Currie - Kevin A. McCarthy SYNOPSIS AS INTRODUCED:
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40 ILCS 5/5-101 |
from Ch. 108 1/2, par. 5-101 |
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Amends the Illinois Pension Code. Makes a technical change in a Section
concerning Chicago police.
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| PENSION IMPACT NOTE ACT MAY APPLY | |
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A BILL FOR
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HB1572 |
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LRB096 05102 AMC 15168 b |
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| AN ACT concerning public employee benefits.
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| Be it enacted by the People of the State of Illinois, |
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| represented in the General Assembly:
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| Section 5. The Illinois Pension Code is amended by changing |
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| Section 5-101 as follows:
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| (40 ILCS 5/5-101) (from Ch. 108 1/2, par. 5-101)
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| Sec. 5-101. Creation of fund. In each city of more than |
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| 500,000 inhabitants a policemen's annuity and
and
benefit fund |
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| shall be created and maintained for the benefit of its
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| policemen, their widows and children, and of all contributors |
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| to,
participants in, and beneficiaries of any police pension |
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| fund in operation,
by authority of law, in such city |
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| immediately prior to the effective date.
For the purposes of |
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| this Article, the policemen's annuity and benefit fund
may be |
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| referred to as the "fund." |
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| (Source: Laws 1963, p. 161.)
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