Illinois Administrative Code
Title 50 - INSURANCE
Part 4439 - DISSOLUTION AND REESTABLISHMENT OF INACTIVE POLICE PENSION FUNDS AND FIREFIGHTERS' PENSION FUNDS
Section 4439.70 - Re-establishment of Dissolved Pension Fund - New Hires
Universal Citation: 50 IL Admin Code ยง 4439.70
Current through Register Vol. 48, No. 12, March 22, 2024
The corporate authorities of a municipality in which an Article 3 police pension fund or Article 4 firefighters' pension fund has been dissolved in accordance with Section 3-144.6 or 4-106.1 of the Code, respectively, shall re-establish the pension fund if a police officer, as defined in Section 3-106, or a firefighter, as defined in Section 4-106, is hired by the municipality subsequent to the pension fund's dissolution. The pension fund shall be re-established in the same manner as it was originally established under Section 3-101 or 4-101 of the Code.
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