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92_HB1465eng HB1465 Engrossed LRB9203491EGpc 1 AN ACT in relation to pensions. 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 5 changing Section 3-101 as follows: 6 (40 ILCS 5/3-101) (from Ch. 108 1/2, par. 3-101) 7 Sec. 3-101. Creation of pension fund. In each 8 municipality, as defined in Section 3-103, the city council 9 or the board of trustees, as the case may be, shall establish 10 and administer a police pension fund, as prescribed in this 11 Article, for the benefit of its police officers and of their 12 surviving spouses, children, and certain other dependents. 13 (Source: P.A. 83-1440.)