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| | 99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
SB2703 Introduced 2/16/2016, by Sen. Christine Radogno SYNOPSIS AS INTRODUCED:
| | 40 ILCS 5/5-101 | from Ch. 108 1/2, par. 5-101 |
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Amends the Illinois Pension Code. Makes a technical change in a Section
concerning Chicago police.
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| | | PENSION IMPACT NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | SB2703 | | LRB099 16907 EFG 41254 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 changing |
| 5 | | Section 5-101 as follows:
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| 6 | | (40 ILCS 5/5-101) (from Ch. 108 1/2, par. 5-101)
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| 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
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| 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.)
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