Illinois Compiled Statutes 40 ILCS 5 Illinois Pension Code. Section 1-165

    (40 ILCS 5/1-165)

    Sec. 1-165. 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 findings on or before December 31, 2011.

(Source: P.A. 96-1495, eff. 1-1-11.)

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Last modified: February 18, 2015