Bill Text: IL SB2703 | 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 police.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2016-04-07 - Re-referred to Assignments [SB2703 Detail]

Download: Illinois-2015-SB2703-Introduced.html

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99TH GENERAL ASSEMBLY State of Illinois 2015 and 2016 SB2703 Introduced 2/16/2016, by Sen. Christine Radogno 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.
LRB099 16907 EFG 41254 b
PENSION IMPACT NOTE ACT MAY APPLY
A BILL FOR
SB2703 LRB099 16907 EFG 41254 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.)