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| | HB5417 Enrolled | | LRB096 16302 AMC 31560 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,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Pension Code is amended by changing |
| 5 | | Section 3-142 as follows:
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| 6 | | (40 ILCS 5/3-142) (from Ch. 108 1/2, par. 3-142)
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| 7 | | Sec. 3-142. Payment of benefits - funds insufficient. Any |
| 8 | | police officer and any eligible surviving spouse, child or |
| 9 | | children,
or dependent parent
of the officer to whom the
board |
| 10 | | has ordered benefits to be paid, shall receive a yearly benefit
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| 11 | | payable in 12 equal monthly installments, which shall be the |
| 12 | | aggregate
amount to which they are entitled.
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| 13 | | If at any time there is not sufficient money
in the fund to |
| 14 | | pay the
benefits under this Article
the city council or board |
| 15 | | of
trustees of the municipality shall make every legal effort |
| 16 | | to
replenish the fund so that all beneficiaries may receive the |
| 17 | | amounts to
which they are entitled. If, thereafter,
there still |
| 18 | | remain insufficient funds,
the beneficiaries shall be paid pro |
| 19 | | rata from the
available funds, but no allowance or order of the |
| 20 | | board shall be held to
create any liability against the |
| 21 | | municipality, but only against the
pension fund.
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| 22 | | (Source: P.A. 83-1440.)
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