Bill Text: IL HB1164 | 2017-2018 | 100th General Assembly | Introduced

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

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2019-01-08 - Session Sine Die [HB1164 Detail]

Download: Illinois-2017-HB1164-Introduced.html

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100TH GENERAL ASSEMBLY State of Illinois 2017 and 2018 HB1164 Introduced , by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
40 ILCS 5/5-101 from Ch. 108 1/2, par. 5-101
Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago police.
LRB100 02327 RPS 12332 b
PENSION IMPACT NOTE ACT MAY APPLY
A BILL FOR
HB1164 LRB100 02327 RPS 12332 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 5-101 as follows:
(40 ILCS 5/5-101) (from Ch. 108 1/2, par. 5-101)
Sec. 5-101. Creation of fund. In each city of more than
500,000 inhabitants a policemen's annuity and and benefit fund
shall be created and maintained for the benefit of its
policemen, their widows and children, and of all contributors
to, participants in, and beneficiaries of any police pension
fund in operation, by authority of law, in such city
immediately prior to the effective date. For the purposes of
this Article, the policemen's annuity and benefit fund may be
referred to as the "fund."
(Source: Laws 1963, p. 161.)