97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
SB0525

 

Introduced 2/8/2011, 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.


LRB097 04270 JDS 44309 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB0525LRB097 04270 JDS 44309 b

1    AN ACT concerning public employee benefits.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Pension Code is amended by changing
5Section 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.
8    In each city of more than 500,000 inhabitants, a firemen's
9annuity and and benefit fund shall be created, set apart, and
10maintained, for the benefit of its firemen, their widows,
11children and parents, and of all contributors to, participants
12in, and beneficiaries of any firemen's pension fund in
13operation, by authority of law, in such city immediately prior
14to the effective date. For the purposes of this Article, the
15firemen's annuity and benefit fund may be referred to as the
16"fund".
17(Source: Laws 1963, p. 161.)