SB0154 amends the Illinois Pension Code to clarify the suspension of pension fund duties during dissolution.
SB0154 makes a technical change to the Illinois Pension Code, specifying that the duties of municipal authorities to establish and administer a firefighters' pension fund are suspended during any period the fund is dissolved. This change aims to clarify the legal status of pension fund administration during dissolution.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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