94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB1826


 
Introduced 2/14/2005, by Rep. Michael J. Madigan - Barbara Flynn Currie - Richard T. Bradley
 
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.
















LRB094 03153 LRD 33154 b

















PENSION IMPACT NOTE ACT MAY APPLY
















 


 


A BILL FOR









 









HB1826

LRB094 03153 LRD 33154 b






1
    AN ACT concerning 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 changing 
5
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. 

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