Topic: | Rescinding Resolutions |
Subtopic: | Guardianships |
Date: | 10/28/2005 |
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 Resolution 1990-01-22 establishing rules regarding payment of lump sum benefits to minors; and
WHEREAS, the passage of time has made these rules obsolete; and
WHEREAS, it is appropriate that obsolete rules be amended or rescinded; and
WHEREAS, the updated rules regarding payment of benefits to minors are found in Board Resolution 1965-6204, amended this day.
NOW THEREFORE BE IT RESOLVED that Board Resolution 1990-01-22 be and is hereby rescinded.