| Topic: | IMRF Staff |
| Subtopic: | Deferred Compensation |
| Date: | 12/4/2019 |
| Status: | Active |
WHEREAS, section 7-198 of the Illinois Pension Code authorizes the Board of Trustees of the Illinois Municipal Retirement Fund to establish rules necessary or desirable for the efficient administration of the Fund; and
WHEREAS, under sections 7-121, 7-186, 7-189, and 7-190 of the Pension Code, the Board of Trustees is the governing body of IMRF and the employer of the IMRF staff; and
WHEREAS, the Board of Trustees has previously established a Deferred Compensation Plan for the IMRF staff; and
WHEREAS, it is appropriate that this Plan be amended to provide IMRF staff with an option to make Roth Elective Deferrals from his or her compensation.
NOW THEREFORE BE IT RESOLVED that the Deferred Compensation Plan for the employees of the Board of Trustees of the Illinois Municipal Retirement Fund is hereby amended and restated in the form attached hereto and identified as Appendix A.
BE IT FURTHER RESOLVED that the Executive Director is hereby authorized and directed to take such further action as may be necessary or advisable to effectuate this Resolution.