(40 ILCS 5/3-142) (from Ch. 108 1/2, par. 3-142)
Sec. 3-142. Payment of benefits - funds insufficient. Any police officer and any eligible surviving spouse, child or children,
or dependent parent
of the officer to whom the
board has ordered benefits to be paid, shall receive a yearly benefit
payable in 12 equal monthly installments, which shall be the aggregate
amount to which they are entitled.
If at any time there is not sufficient money
in the fund to pay the
benefits under this Article
the city council or board of
trustees of the municipality shall make every legal effort to
replenish the fund so that all beneficiaries may receive the amounts to
which they are entitled.
(Source: P.A. 96-1517, eff. 2-4-11.)
|