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SB1510 Engrossed |
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LRB096 08227 AMC 18333 b |
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| AN ACT concerning public employee benefits.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Illinois Pension Code is amended by adding |
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| Section 3-113.2 as follows:
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| (40 ILCS 5/3-113.2 new) |
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| Sec. 3-113.2. Dependent beneficiaries; payment to trust. |
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| Any benefit to be received by or paid to a dependent |
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| beneficiary may be received by or paid to a trust established |
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| for such dependent beneficiary if the dependent beneficiary is |
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| living at the time such benefit would be received by or paid to |
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| such trust.
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| Section 99. Effective date. This Act takes effect upon |
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| becoming law.
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