Illinois Statutes
§ 1-165
Illinois·Topic GOVERNMENT·Ch. 40 PENSIONS·Act 40 ILCS 5/ Illinois Pension Code.·Art. Article 1 - General Provisions: Short Title, Effect Of Code And Other Provisions
Commission on Government Forecasting and Accountability study. The Commission on Government Forecasting and Accountability shall conduct a study on the feasibility of:
(1)the creation of an investment pool to supplement and enhance the investment opportunities available to boards of trustees of the pension funds organized under Articles 3 and 4 of this Code; the study shall include an analysis on any cost or cost savings associated with establishing the system and transferring assets for management under the investment pool; and (2) enacting a contribution cost-share component wherein employing municipalities and members of funds established under Articles 3 and 4 of this Code each contribute 50% of the normal cost of the defined-benefit plan. The Commission shall issue a report on its fi
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Legislative History
(Source: P.A. 96-1495, eff. 1-1-11.)
Nearby Sections
15
§ 1
§ 1§ 1-101
Short title§ 1-101.1
Definitions§ 1-101.2
Fiduciary§ 1-101.3
Party in interest§ 1-101.4
Investment adviser§ 1-101.5
Consultant§ 1-101.6
Transferor pension fund§ 1-103
Effect of headings§ 1-103.1
Application of amendments§ 1-103.2
§ 1-103.2§ 1-103.3
§ 1-103.3§ 1-104
Cross references§ 1-104.1
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