Bill Text: IL SB0525 | 2011-2012 | 97th 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: (Failed) 2013-01-08 - Session Sine Die [SB0525 Detail]

Download: Illinois-2011-SB0525-Introduced.html

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97TH GENERAL ASSEMBLY State of Illinois 2011 and 2012 SB0525 Introduced 2/8/2011, by Sen. John J. Cullerton 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.
LRB097 04270 JDS 44309 b
PENSION IMPACT NOTE ACT MAY APPLY
A BILL FOR
SB0525 LRB097 04270 JDS 44309 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.)