| Topic: | Rescinding Resolutions |
| Subtopic: | Prior Service, Employer Ratemaking, Asset Accounting |
| Date: | 1/26/2006 |
| 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 1962-5261 and 1968-7037 establishing rules regarding crediting prior service; and
WHEREAS, the Board of Trustees has previously adopted Resolutions 1964-6022 and 1973-8753 relating to accounting for employer costs and employer ratemaking; and
WHEREAS, the Board of Trustees has previously adopted Resolution 1986-01-13670 establishing policy for fixed income accounting; and
WHEREAS, because of changes to the Illinois Pension Code, IMRF Board Policy, and Generally Accepted Accounting Principles these resolutions are now obsolete; and
WHEREAS, it is appropriate that obsolete rules be rescinded.
NOW THEREFORE BE IT RESOLVED that Board Resolutions 1962-5261, 1964-6022, 1968-7037, 1973-8753, and 1986-01-13670 be and are hereby rescinded.