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| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
SB1278 Introduced 2/8/2011, by Sen. Don Harmon SYNOPSIS AS INTRODUCED:
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| | Amends the Downstate Firefighters Article of the Illinois Pension Code. Provides that any benefit to be received by or paid to a dependent beneficiary may be received by or paid to a trust established for such dependent beneficiary if the dependent beneficiary is living at the time such benefit would be received by or paid to such trust. Effective immediately.
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| | | PENSION IMPACT NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | SB1278 | | LRB097 05069 JDS 45110 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,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Pension Code is amended by adding |
| 5 | | Section 4-115.2 as follows:
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| 6 | | (40 ILCS 5/4-115.2 new) |
| 7 | | Sec. 4-115.2. Dependent beneficiaries; payment to trust. |
| 8 | | Any benefit to be received by or paid to a dependent |
| 9 | | beneficiary may be received by or paid to a trust established |
| 10 | | for such dependent beneficiary if the dependent beneficiary is |
| 11 | | living at the time such benefit would be received by or paid to |
| 12 | | such trust.
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| 13 | | Section 99. Effective date. This Act takes effect upon |
| 14 | | becoming law.
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