93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
SB2315

 

Introduced 1/28/2004, by Bill Brady

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/3-101   from Ch. 108 1/2, par. 3-101

    Amends the Illinois Pension Code. Makes a technical change in a Section concerning downstate police. Effective immediately.


LRB093 19716 LRD 45457 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB2315 LRB093 19716 LRD 45457 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 3-101 as follows:
 
6     (40 ILCS 5/3-101)  (from Ch. 108 1/2, par. 3-101)
7     Sec. 3-101. Creation of pension fund. In each municipality,
8 as defined in Section 3-103, the city council or the board of
9 trustees, as the case may be, shall establish and administer a
10 police pension fund, as prescribed in this Article, for the
11 benefit of its police officers and of their surviving spouses,
12 children, and certain other dependents.
13 (Source: P.A. 83-1440.)
 
14     Section 99. Effective date. This Act takes effect upon
15 becoming law.