Board Resolution 2021-05-12(d)

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;

WHEREAS, Section 7-178 authorizes the Board to authorize or suspend the payment of any annuity or benefit in accordance with Article 7 of the Illinois Pension Code;

WHEREAS, Section 7-212 authorizes the Board to delegate certain duties to the Executive Director of the Fund, including without limitation, the computation and processing of annuities and benefits; and

WHEREAS, the Board finds it necessary and desirable to adopt rules for the efficient administration of benefits.

THEREFORE BE IT RESOLVED, that this Board adopt the following rules and regulations in respect to the payment of annuities and other benefits:

1. The Executive Director, upon receipt of a proper application, shall process such application and, if it is found to be in order, shall recommend the granting of the benefit.
2. Upon the Executive Director’s determination that the annuity or benefit should be granted, the Fund shall make initial payment to the person to whom the annuity or benefit is to be paid.
3. If the date for payment(s) precedes the Board Meeting at which the annuity or benefit is to be approved by the Board, the payment(s) which precede the Board’s approval of the benefit are subject to Board’s review. The Board reserves the right to revoke any benefit paid pursuant to the Executive Director’s authority in this resolution.
4. The authority and duties delegated to the Executive Director pursuant to these rules and regulations are to be considered purely ministerial and they shall not have the right to waive any of the requirements set forth in the applications for benefits. The Executive Director shall not have the power to grant annuities or any other benefits and such power is specifically reserved in the Board.