| Topic: | Plan Administration |
| Subtopic: | Proration of retirement costs; IMRF participation for joint and cooperative agreements |
| Date: | 12/18/2015 |
| 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 and regulations regarding the efficient administration of the fund; and
WHEREAS, the Board of Trustees has over the years established such rules and regulations by resolution; and
WHEREAS, certain of those rules and regulations are now out-of-date because of changes to the governing statutes or because they have been superseded by subsequent Board action; and
WHEREAS, it is appropriate that the Board of Trustees rescind such out-of-date rules and regulations.
NOW THEREFORE BE IT RESOLVED that the following resolutions of the IMRF Board of Trustees be and are hereby rescinded:
Resolution 1960-4777 This resolution is out of date because of changes to the Illinois Pension Code. This resolution no longer reflects how annuities are calculated or how employers are charged.
Resolution 1969-7331 This resolution is out of date because of changes to the Illinois Pension Code. The Pension Code now allows IMRF participation for educational joint agreements and educational and intergovernmental cooperatives.