93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB5767

 

Introduced 2/6/2004, by Michael J. Madigan

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/6-101   from Ch. 108 1/2, par. 6-101

    Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago firefighters.


LRB093 17278 LRD 42944 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB5767 LRB093 17278 LRD 42944 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 changing
5 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 shall
9 be created, set apart, and maintained, for the benefit of its
10 firemen, their widows, children and parents, and of all
11 contributors to, participants in, and beneficiaries of any
12 firemen's pension fund in operation, by authority of law, in
13 the such city immediately prior to the effective date. For the
14 purposes of this Article, the firemen's annuity and benefit
15 fund may be referred to as the "fund".
16 (Source: Laws 1963, p. 161.)