Illinois General Assembly - Full Text of SB1510
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Full Text of SB1510  96th General Assembly

SB1510enr 96TH GENERAL ASSEMBLY



 


 
SB1510 Enrolled LRB096 08227 AMC 18333 b

1     AN ACT concerning public employee benefits.
 
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 adding
5 Section 3-113.2 as follows:
 
6     (40 ILCS 5/3-113.2 new)
7     Sec. 3-113.2. Dependent beneficiaries; payment to trust.
8 Any benefit to be received by or paid to a dependent
9 beneficiary may be received by or paid to a trust established
10 for such dependent beneficiary if the dependent beneficiary is
11 living at the time such benefit would be received by or paid to
12 such trust.
 
13     Section 99. Effective date. This Act takes effect upon
14 becoming law.