|
| | 102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB1440 Introduced 2/17/2021, by Rep. Emanuel Chris Welch SYNOPSIS AS INTRODUCED:
| | 40 ILCS 5/5-101 | from Ch. 108 1/2, par. 5-101 |
|
Amends the Illinois Pension Code. Makes a technical change in a Section
concerning Chicago police.
|
| |
| | | PENSION IMPACT NOTE ACT MAY APPLY | |
| | A BILL FOR |
|
|
| | HB1440 | | LRB102 03456 RPS 13469 b |
|
|
| 1 | | AN ACT concerning public employee benefits.
|
| 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 5-101 as follows:
|
| 6 | | (40 ILCS 5/5-101) (from Ch. 108 1/2, par. 5-101)
|
| 7 | | Sec. 5-101. Creation of fund. In each city of more than |
| 8 | | 500,000 inhabitants a policemen's annuity and
and
benefit fund |
| 9 | | shall be created and maintained for the benefit of its
|
| 10 | | policemen, their widows and children, and of all contributors |
| 11 | | to,
participants in, and beneficiaries of any police pension |
| 12 | | fund in operation,
by authority of law, in such city |
| 13 | | immediately prior to the effective date.
For the purposes of |
| 14 | | this Article, the policemen's annuity and benefit fund
may be |
| 15 | | referred to as the "fund." |
| 16 | | (Source: Laws 1963, p. 161.)
|