Illinois Administrative Code
Title 50 - INSURANCE
Part 4439 - DISSOLUTION AND REESTABLISHMENT OF INACTIVE POLICE PENSION FUNDS AND FIREFIGHTERS' PENSION FUNDS
Section 4439.90 - Re-establishment of Dissolved Pension Fund - Reinstate Service in an Article 4 Firefighters Pension Fund
Current through Register Vol. 48, No. 12, March 22, 2024
a) The corporate authorities of a municipality in which an Article 4 firefighters' pension fund has been dissolved in accordance with Section 4-106.1 of the Code shall re-establish the pension fund if a former firefighter's reinstatement of creditable service is required under Section 4-109.3(g) of the Code.
b) Benefits under Section 4-109.3 of the Code
c) The board of trustees for the re-established pension fund created under subsections (a) and (b) shall consist of the former firefighter and two members appointed by the mayor or president of the board of trustees of the municipality or fire protection district involved. If two or three former firefighters reinstate creditable service in the re-established pension fund, those former firefighters shall sit on the board of trustees with the two appointed members. If more than three former firefighters reinstate creditable service in the re-established pension fund, or the municipality hires a full time firefighter, the board of trustees shall be created in the manner prescribed in Section 4-121 of the Code.