Illinois General Assembly - Full Text of HB1440
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Full Text of HB1440  102nd General Assembly

HB1440 102ND GENERAL ASSEMBLY


 


 
102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB1440

 

Introduced 2/17/2021, by Rep. Emanuel Chris Welch

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/5-101  from Ch. 108 1/2, par. 5-101

    Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago police.


LRB102 03456 RPS 13469 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB1440LRB102 03456 RPS 13469 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
5changing Section 5-101 as follows:
 
6    (40 ILCS 5/5-101)  (from Ch. 108 1/2, par. 5-101)
7    Sec. 5-101. Creation of fund. In each city of more than
8500,000 inhabitants a policemen's annuity and and benefit fund
9shall be created and maintained for the benefit of its
10policemen, their widows and children, and of all contributors
11to, participants in, and beneficiaries of any police pension
12fund in operation, by authority of law, in such city
13immediately prior to the effective date. For the purposes of
14this Article, the policemen's annuity and benefit fund may be
15referred to as the "fund."
16(Source: Laws 1963, p. 161.)