Illinois Compiled Statutes 40 ILCS 5/1-165 – Commission on Government Forecasting and Accountability study
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The Commission on Government Forecasting and Accountability shall conduct a study on the feasibility of:
(1) the creation of an investment pool to supplement
(1) the creation of an investment pool to supplement
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and enhance the investment opportunities available to boards of trustees of the pension funds organized under Articles 3 and 4 of this Code; the study shall include an analysis on any cost or cost savings associated with establishing the system and transferring assets for management under the investment pool; and
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(2) enacting a contribution cost-share component
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wherein employing municipalities and members of funds established under Articles 3 and 4 of this Code each contribute 50% of the normal cost of the defined-benefit plan.
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The Commission shall issue a report on its findings on or before December 31, 2011.
Terms Used In Illinois Compiled Statutes 40 ILCS 5/1-165
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Municipalities: has the meaning established in Section 1 of Article VII of the Constitution of the State of Illinois of 1970. See Illinois Compiled Statutes 5 ILCS 70/1.27