Illinois Compiled Statutes 40 ILCS 5 Illinois Pension Code. Section 5-221

    (40 ILCS 5/5-221) (from Ch. 108 1/2, par. 5-221)

    Sec. 5-221. No commissions on investments.

    No member of the Board of Trustees and no person officially connected with the board either as an employee or as legal advisor thereof or as a custodian of the fund, shall receive any commissions on account of any investment made by the board.

(Source: Laws 1963, p. 161.)

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Last modified: February 18, 2015