093_HB0597

 
                                     LRB093 04339 EFG 04388 b

 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 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
 8    500,000 inhabitants, a firemen's  annuity  and  benefit  fund
 9    shall  be created, set apart, and maintained, for the benefit
10    of its firemen, their widows, children and  parents,  and  of
11    all  contributors  to,  participants in, and beneficiaries of
12    any firemen's pension fund in operation, by authority of law,
13    in the such city immediately prior to the effective date. For
14    the purposes of  this  Article,  the  firemen's  annuity  and
15    benefit fund may be referred to as the "fund".
16    (Source: Laws 1963, p. 161.)