Illinois Statutes
§ 2-152 — No monetary gain on investments
Illinois·Topic GOVERNMENT·Ch. 40 PENSIONS·Act 40 ILCS 5/ Illinois Pension Code.·Art. Article 2 - General Assembly Retirement System
No trustee or employee of the board shall have any direct interest in the income, gains or profits of any investments made in behalf of the system, nor receive any pay or emolument for services in connection with any investment. No trustee or employee of the board shall become an endorser or surety, or in any manner an obligor for money loaned or borrowed from the system. Whoever violates any of the provisions of this Section is guilty of a petty offense.
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Legislative History
(Source: P.A. 83-1440.)
Nearby Sections
15
§ 2-101
Creation of system§ 2-102
Terms defined§ 2-103
System§ 2-104
Board§ 2-105
Member§ 2-105.1
(Repealed)§ 2-105.2
(Repealed)§ 2-105.4
Tier 1 retiree§ 2-106
Eligible member§ 2-107
Participant§ 2-108
§ 2-108§ 2-108.1
§ 2-108.1§ 2-109
Military service