|Public Act 096-1517|
|HB5417 Enrolled||LRB096 16302 AMC 31560 b|
AN ACT concerning public employee benefits.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
The Illinois Pension Code is amended by changing
Section 3-142 as follows:
(40 ILCS 5/3-142)
(from Ch. 108 1/2, par. 3-142)
Payment of benefits - funds insufficient.
police officer and any eligible surviving spouse, child or
or dependent parent
of the officer to whom the
has ordered benefits to be paid, shall receive a yearly benefit
payable in 12 equal monthly installments, which shall be the
amount to which they are entitled.
If at any time there is not sufficient money
in the fund to
benefits under this Article
the city council or board
trustees of the municipality shall make every legal effort
replenish the fund so that all beneficiaries may receive the
which they are entitled.
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
(Source: P.A. 83-1440.)