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| | 104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
SB1068 Introduced 1/24/2025, by Sen. John F. Curran 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. |
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| | A BILL FOR |
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| | SB1068 | | LRB104 05406 RPS 15435 b |
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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 |
| 5 | | changing Section 5-101 as follows:
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| 6 | | (40 ILCS 5/5-101) (from Ch. 108 1/2, par. 5-101) |
| 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 |
| 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." |
| 16 | | (Source: Laws 1963, p. 161.) |