Illinois § 22-304 Source of payment

Illinois Statutes

§ 22-304 — Source of payment

Illinois § 22-304

JurisdictionIllinois

TopicGOVERNMENT

Ch. 40PENSIONS

Act 40 ILCS 5/Illinois Pension Code.

Art.Article 22 - Miscellaneous Collateral Provisions

This text of Illinois § 22-304 (Source of payment) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

40 Ill. Comp. Stat. 22-304 (2026).

Text

The allowance of money to be paid in accordance with the foregoing provisions of this Division may be paid:

(a)from a fund created and maintained out of the corporate revenues of such city or village in such manner as the corporate authorities may direct, or (b) by means of group insurance taken out by such city or village for the benefit of the families or dependents of policemen and firemen in a regularly accredited legal reserve life insurance company with premiums to be paid out of the corporate revenues of the city or village.

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The allowance of money to be paid in accordance with the foregoing provisions of this Division may be paid: (a) from a fund created and maintained out of the corporate revenues of such city or village in such manner as the corporate authorities may direct, or (b) by means of group insurance taken out by such city or village for the benefit of the families or dependents of policemen and firemen in a regularly accredited legal reserve life insurance company with premiums to be paid out of the corporate revenues of the city or village.