Board Resolution 2005-08-08

Meeting room

Topic: Rescinding Resolutions
Subtopic: Eligibility for Retirement/Seasonal Adjustments
Date: 8/25/2005
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, the Board of Trustees has previously adopted Resolutions 1946-460, 1946-593, 1950-1410, and 1950-1411, which establish rules regarding seasonal employees and purchase of past service; and

WHEREAS, these rules were necessary for the efficient administration of the IMRF plan; and

WHEREAS, changes to the Illinois Pension Code and to IMRF’s administrative capabilities have made these rules obsolete; and

WHEREAS, it is appropriate that these now obsolete rules be rescinded.

NOW THEREFORE BE IT RESOLVED that Board resolutions 1946-460, 1946-593, 1950-1410, and 1950-1411 be and are hereby, rescinded.