Board Resolution 2005-10-05(b)

Meeting room

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WHEREAS, it is appropriate that obsolete rules be amended or rescinded; and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NOW THEREFORE BE IT RESOLVED that Board Resolution 1990-01-22 be and is hereby rescinded.