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| | 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 |
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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 |
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| | HB0714 | | LRB099 04526 EFG 24554 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, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Pension Code is amended by changing |
| 5 | | Section 6-101 as follows:
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| 6 | | (40 ILCS 5/6-101) (from Ch. 108 1/2, par. 6-101)
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| 7 | | Sec. 6-101. Creation of fund. In each city of more than |
| 8 | | 500,000 inhabitants, a firemen's annuity and
and
benefit fund |
| 9 | | shall be created, set apart, and maintained, for the benefit
of |
| 10 | | its firemen, their widows, children and parents, and of all |
| 11 | | contributors
to, participants in, and beneficiaries of any |
| 12 | | firemen's pension fund in
operation, by authority of law, in |
| 13 | | such city immediately prior to the
effective date. For the |
| 14 | | purposes of this Article, the firemen's annuity and
benefit |
| 15 | | fund may be referred to as the "fund". |
| 16 | | (Source: Laws 1963, p. 161.)
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