(40 ILCS 5/5-101)
(from Ch. 108 1/2, par. 5-101)
Creation of fund.
In each city of more than 500,000 inhabitants a policemen's annuity and
benefit fund shall be created and maintained for the benefit of its
policemen, their widows and children, and of all contributors to,
participants in, and beneficiaries of any police pension fund in operation,
by authority of law, in such city immediately prior to the effective date.
For the purposes of this Article, the policemen's annuity and benefit fund
may be referred to as the "fund."
(Source: Laws 1963, p. 161