Section 1540.5  Introduction

a)         To implement the provisions of the Illinois Revised Statutes  governing the operation and administration of the State Employees' Retirement System of Illinois.

b)         In accordance with the provisions of Section 14-135.03 of the Illinois Pension Code (Ill. Rev. Stat. 1983, ch. 108½, par. 14-135.03  (the Retirement Act) governing the State Employees' Retirement System of Illinois which authorized the Board of Trustees "to establish rules and regulations and formulate policy for proper operation of the System and the transaction of its business"; the Board of Trustees of the State Employees' Retirement System of Illinois does hereby resolve, establish, and promulgate and declare effective, as of the date hereof, the following Rules and Regulations to implement the provisions of such Act.

(Source:  Amended at 9 Ill. Reg. 12375, effective July 30, 1985)