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| | 98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB0408 Introduced , by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
| | 40 ILCS 5/6-101 | from Ch. 108 1/2, par. 6-101 |
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Amends the Illinois Pension Code. Makes a technical change in a Section
concerning Chicago firefighters.
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| | | PENSION IMPACT NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | HB0408 | | LRB098 03232 JDS 33247 b |
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| 1 | | AN ACT concerning public employee benefits.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Pension Code is amended by changing |
| 5 | | Section 6-101 as follows:
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| 6 | | (40 ILCS 5/6-101) (from Ch. 108 1/2, par. 6-101)
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| 7 | | Sec. 6-101. Creation of fund.
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| 8 | | In each city of more than 500,000 inhabitants, a firemen's |
| 9 | | annuity and
and
benefit fund shall be created, set apart, and |
| 10 | | maintained, for the benefit
of its firemen, their widows, |
| 11 | | children and parents, and of all contributors
to, participants |
| 12 | | in, and beneficiaries of any firemen's pension fund in
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| 13 | | operation, by authority of law, in such city immediately prior |
| 14 | | to the
effective date. For the purposes of this Article, the |
| 15 | | firemen's annuity and
benefit fund may be referred to as the |
| 16 | | "fund". |
| 17 | | (Source: Laws 1963, p. 161.)
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