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| | 102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
SB1431 Introduced 2/25/2021, by Sen. Dan McConchie SYNOPSIS AS INTRODUCED:
| | 40 ILCS 5/3-101 | from Ch. 108 1/2, par. 3-101 |
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Amends the Illinois Pension Code. Makes a technical change in a Section
concerning downstate police.
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| | | PENSION IMPACT NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | SB1431 | | LRB102 11209 RPS 16541 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 |
| 5 | | changing Section 3-101 as follows:
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| 6 | | (40 ILCS 5/3-101) (from Ch. 108 1/2, par. 3-101)
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| 7 | | Sec. 3-101. Creation of fund. In each municipality, as |
| 8 | | defined in Section 3-103, the
the city council or
the board of |
| 9 | | trustees, as the case may be, shall establish and administer a
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| 10 | | police pension fund, as prescribed in this Article, for the
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| 11 | | benefit of its police officers and of their surviving spouses,
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| 12 | | children, and certain other dependents. The duty of the |
| 13 | | corporate authorities of a municipality to establish and |
| 14 | | administer a police pension fund shall be suspended during any |
| 15 | | period during which the fund is dissolved under Section |
| 16 | | 3-144.6 of this Code. |
| 17 | | (Source: P.A. 97-99, eff. 1-1-12.)
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