Section 4439.70  Re-establishment of Dissolved Pension Fund – New Hires

The corporate authorities of a municipality in which an Article 3 police pension fund or Article 4 firefighters' pension fund has been dissolved in accordance with Section 3-144.6 or 4-106.1 of the Code, respectively, shall re-establish the pension fund if a police officer, as defined in Section 3-106, or a firefighter, as defined in Section 4-106, is hired by the municipality subsequent to the pension fund's dissolution. The pension fund shall be re-established in the same manner as it was originally established under Section 3-101 or 4-101 of the Code.