99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
HB0714

 

Introduced , by Rep. Michael J. Madigan

 

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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PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB0714LRB099 04526 EFG 24554 b

1    AN ACT concerning public employee benefits.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Pension Code is amended by changing
5Section 6-101 as follows:
 
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
8500,000 inhabitants, a firemen's annuity and and benefit fund
9shall be created, set apart, and maintained, for the benefit of
10its firemen, their widows, children and parents, and of all
11contributors to, participants in, and beneficiaries of any
12firemen's pension fund in operation, by authority of law, in
13such city immediately prior to the effective date. For the
14purposes of this Article, the firemen's annuity and benefit
15fund may be referred to as the "fund".
16(Source: Laws 1963, p. 161.)