HB4246 97TH GENERAL ASSEMBLY

LRB097 15237 JDS 60337 b

97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB4246

Introduced 1/30/2012, by Rep. Michael J. Madigan

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 Section concerning downstate police.

PENSION IMPACT NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning public employee benefits.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. 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)

Sec. 3-101. Creation of fund. In each municipality, as defined in Section 3-103, the the 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.)