Illinois SB2826 amends the Illinois Municipal Retirement Fund (IMRF) to disqualify trustees who have earned creditable service through employment by.
Illinois SB2826 amends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. The bill specifies that no person who has earned creditable service through employment by the Fund shall be eligible to serve as a trustee. Trustees are disqualified immediately upon termination of employment with all participating municipalities and instrumentalities. The board of trustees consists of representatives from various groups, including executive trustees, employee trustees, and annuitant trustees.
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