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Public Act 096-1517
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| HB5417 Enrolled | LRB096 16302 AMC 31560 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 changing |
Section 3-142 as follows:
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(40 ILCS 5/3-142) (from Ch. 108 1/2, par. 3-142)
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Sec. 3-142. Payment of benefits - funds insufficient. Any |
police officer and any eligible surviving spouse, child or |
children,
or dependent parent
of the officer to whom the
board |
has ordered benefits to be paid, shall receive a yearly benefit
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payable in 12 equal monthly installments, which shall be the |
aggregate
amount to which they are entitled.
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If at any time there is not sufficient money
in the fund to |
pay the
benefits under this Article
the city council or board |
of
trustees of the municipality shall make every legal effort |
to
replenish the fund so that all beneficiaries may receive the |
amounts to
which they are entitled. If, thereafter,
there still |
remain insufficient funds,
the beneficiaries shall be paid pro |
rata from the
available funds, but no allowance or order of the |
board shall be held to
create any liability against the |
municipality, but only against the
pension fund.
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(Source: P.A. 83-1440.)
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