Bill Text: IL SB2769 | 2017-2018 | 100th General Assembly | Introduced
Bill Title: Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago police.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2019-01-09 - Session Sine Die [SB2769 Detail]
Download: Illinois-2017-SB2769-Introduced.html
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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 5-101 as follows:
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6 | (40 ILCS 5/5-101) (from Ch. 108 1/2, par. 5-101)
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7 | Sec. 5-101. Creation of fund. In each city of more than | ||||||||||||||||||||||||
8 | 500,000 inhabitants a policemen's annuity and and
benefit fund | ||||||||||||||||||||||||
9 | shall be created and maintained for the benefit of its
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10 | policemen, their widows and children, and of all contributors | ||||||||||||||||||||||||
11 | to,
participants in, and beneficiaries of any police pension | ||||||||||||||||||||||||
12 | fund in operation,
by authority of law, in such city | ||||||||||||||||||||||||
13 | immediately prior to the effective date.
For the purposes of | ||||||||||||||||||||||||
14 | this Article, the policemen's annuity and benefit fund
may be | ||||||||||||||||||||||||
15 | referred to as the "fund."
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16 | (Source: Laws 1963, p. 161 .)
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