Bill Text: IL SB1672 | 2011-2012 | 97th General Assembly | Engrossed

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Bill Title: Amends the Chicago Firefighters Article of the Illinois Pension Code. Provides that, beginning in calendar year 2011 and in each odd-numbered year thereafter, the board must prepare a report for inclusion in its annual audit specifying the annual cost of duty disability to the fund.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Passed) 2011-08-23 - Public Act . . . . . . . . . 97-0530 [SB1672 Detail]

Download: Illinois-2011-SB1672-Engrossed.html

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SB1672 Engrossed LRB097 07602 JDS 47713 b
AN ACT concerning public employee benefits.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Pension Code is amended by changing
Section 6-184 as follows:
(40 ILCS 5/6-184) (from Ch. 108 1/2, par. 6-184)
Sec. 6-184. To have an audit. To contract with an
independent certified public accounting firm to perform an
annual audit of the assets of the fund and issue a financial
opinion. The annual audit shall be in addition to any
examination of the fund by the State Director of Insurance.
Beginning with calendar year 2011, and every odd-numbered
year thereafter, the board shall prepare a report for inclusion
in its annual audit of the annual cost of duty disability to
the fund.
(Source: P.A. 86-273.)