Creation of fund

40 ILCS 5/4-101, under Firefighters' Pension Fund - Municipalities 500,000 And Under.

40 ILCS 5/4-101

(40 ILCS 5/4-101) (from Ch. 108 1/2, par. 4-101)

    Sec. 4-101. Creation of fund. In each municipality as defined in Section 4-103, the city council or the board of trustees, as the case may be, shall establish and administer a firefighters' pension fund as prescribed in this Article, for the benefit of its firefighters and of their surviving spouses, children and certain other dependents. The duty of the corporate authorities of a municipality to establish and administer a firefighters' pension fund shall be suspended during any period during which the fund is dissolved under subsection (c) of Section 4-106.1 of this Code.

(Source: P.A. 97-99, eff. 1-1-12.)