Bill Text: IL HB0714 | 2015-2016 | 99th General Assembly | Introduced

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Bill Title: Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago firefighters.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2015-04-24 - Rule 19(a) / Re-referred to Rules Committee [HB0714 Detail]

Download: Illinois-2015-HB0714-Introduced.html

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99TH GENERAL ASSEMBLY State of Illinois 2015 and 2016 HB0714 Introduced , by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
40 ILCS 5/6-101 from Ch. 108 1/2, par. 6-101
Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago firefighters.
LRB099 04526 EFG 24554 b
PENSION IMPACT NOTE ACT MAY APPLY
A BILL FOR
HB0714 LRB099 04526 EFG 24554 b
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 6-101 as follows:
(40 ILCS 5/6-101) (from Ch. 108 1/2, par. 6-101)
Sec. 6-101. Creation of fund. In each city of more than
500,000 inhabitants, a firemen's annuity and and benefit fund
shall be created, set apart, and maintained, for the benefit of
its firemen, their widows, children and parents, and of all
contributors to, participants in, and beneficiaries of any
firemen's pension fund in operation, by authority of law, in
such city immediately prior to the effective date. For the
purposes of this Article, the firemen's annuity and benefit
fund may be referred to as the "fund".
(Source: Laws 1963, p. 161.)