|
|
|
|
96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB3555
Introduced 2/24/2009, by Rep. Tom Cross - Michael P. McAuliffe 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.
|
| |
|
|
| PENSION IMPACT NOTE ACT MAY APPLY | |
|
|
|
A BILL FOR
|
|
|
|
|
HB3555 |
|
LRB096 09262 AMC 19416 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.)
|