Illinois Administrative Code
Title 50 - INSURANCE
Part 4439 - DISSOLUTION AND REESTABLISHMENT OF INACTIVE POLICE PENSION FUNDS AND FIREFIGHTERS' PENSION FUNDS
Section 4439.60 - Resolution or Ordinance to Dissolve the Pension Fund
Universal Citation: 50 IL Admin Code ยง 4439.60
Current through Register Vol. 48, No. 12, March 22, 2024
a) The corporate authorities of a municipality in which an Article 3 or Article 4 pension fund has been established may dissolve the pension fund by resolution or ordinance after completion of the requirements in Section 4439.40.
b) The corporate authorities of the municipality in which an Article 3 or Article 4 pension fund has been dissolved shall submit to the Pension Division a copy of the signed and dated resolution or ordinance dissolving the pension fund within 30 days after passage.
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