§ 16-179.2 — To Create and Maintain a Salary Reduction Plan

Illinois § 16-179.2

• Jurisdiction: Illinois
• Topic: GOVERNMENT
• Ch. 40: PENSIONS
• Act 40 ILCS 5/: Illinois Pension Code.
• Art.: Article 16 - Teachers' Retirement System Of The State Of Illinois

Text

(1) To develop a Salary Reduction Plan for members as permitted under the relevant Sections of the Internal Revenue Code. (2) To contract with school districts and other employers for the creation and maintenance of a uniform Salary Reduction Plan for system members. (3) To adopt all rules necessary and reasonable for the implementation of this Section.

Legislative History

(Source: P.A. 84-1028.)