Illinois Statutes
§ 3-142 — Payment of benefits - funds insufficient
Illinois·Topic GOVERNMENT·Ch. 40 PENSIONS·Act 40 ILCS 5/ Illinois Pension Code.·Art. Article 3 - Police Pension Fund - Municipalities 500,000 And Under
Any police officer and any eligible surviving spouse, child or children, or dependent parent of the officer to whom the board has ordered benefits to be paid, shall receive a yearly benefit payable in 12 equal monthly installments, which shall be the aggregate amount to which they are entitled. If at any time there is not sufficient money in the fund to pay the benefits under this Article the city council or board of trustees of the municipality shall make every legal effort to replenish the fund so that all beneficiaries may receive the amounts to which they are entitled.
Free access — add to your briefcase to read the full text and ask questions with AI
Illinois § 3-142 (Payment of benefits - funds insufficient) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 96-1517, eff. 2-4-11.)
Nearby Sections
15
§ 3-101
Creation of fund§ 3-102
Terms defined§ 3-103
Municipality§ 3-105
Board§ 3-105.1
Deferred Pensioner§ 3-105.2
Self-Managed Plan§ 3-106
Police officer, officer§ 3-107
Gender§ 3-108
Child or children§ 3-108.1
Dependent parent§ 3-108.2
Participant§ 3-108.3
Beneficiary§ 3-109
Persons excluded§ 3-109.1
Chief of police§ 3-109.2
Retirement Program Elections