SB1278 EnrolledLRB097 05069 JDS 45110 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 adding
5Section 4-115.2 as follows:
 
6    (40 ILCS 5/4-115.2 new)
7    Sec. 4-115.2. Dependent beneficiaries; payment to trust.
8Any benefit to be received by or paid to a dependent
9beneficiary may be received by or paid to a trust established
10for such dependent beneficiary if the dependent beneficiary is
11living at the time such benefit would be received by or paid to
12such trust.
 
13    Section 99. Effective date. This Act takes effect upon
14becoming law.