96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
SB0555

 

Introduced 2/6/2009, by Sen. John J. Cullerton

 

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.


LRB096 06594 AMC 16678 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB0555 LRB096 06594 AMC 16678 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 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 and benefit fund
9 shall be created, set apart, and maintained, for the benefit of
10 its 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 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.)