102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
Introduced 2/17/2021, by Rep. Jim Durkin
SYNOPSIS AS INTRODUCED:
40 ILCS 5/3-101
from Ch. 108 1/2, par. 3-101
Amends the Illinois Pension Code. Makes a technical change in a
concerning downstate police.
|PENSION IMPACT NOTE ACT MAY APPLY|
A BILL FOR
|HB2050||LRB102 12266 RPS 17603 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 3-101 as follows:
(40 ILCS 5/3-101)
(from Ch. 108 1/2, par. 3-101)
Creation of fund.
In each municipality, as
defined in Section 3-103,
city council or
the board of
trustees, as the case may be, shall establish and administer a
police pension fund, as prescribed in this Article, for the
benefit of its police officers and of their surviving spouses,
children, and certain other dependents. The duty of the
corporate authorities of a municipality to establish and
administer a police pension fund shall be suspended during any
period during which the fund is dissolved under Section
3-144.6 of this Code.
(Source: P.A. 97-99, eff. 1-1-12.)