Section 2700.670  Investment Options

a)         The Board may establish any or all of the following Options for the investment of Deferred Compensation:

1)         Investment Option A, which shall be invested primarily in savings and loan or commercial bank deposits, commercial paper, or guaranteed interest contracts of insurance companies.

2)         Investment Option B, which shall be invested primarily in corporate or Government bonds or pooled investment vehicles, such as mutual funds, whose investment policies emphasize such investments.

3)         Investment Option C, which shall be invested in insurance company contracts, either on a group or individual basis, designed to provide an annuity.

4)         Investment Option D, which shall be invested primarily in common or preferred stocks, similar equity securities or other property expected to offer growth possibilities or pooled investment vehicles, such as mutual funds, whose investment policies emphasize such investments.

b)         The Board may establish more than one Investment Option for each category described in subsection (a) if deemed appropriate.

c)         The Board is specifically authorized to utilize outside investment managers to the extent deemed appropriate by the Board.

d)         The Board also has the authority to eliminate any or all of the Investment Options created by the Plan, provided that, in such event, any Participant who has requested that his or her Deferred Compensation Account be measured as if invested in the Investment Option or Options that have been eliminated shall be notified of the elimination.  Any such Participant shall then have the opportunity to change his or her investment request or revoke his or her deferral pursuant to Section 2700.450, regardless of any other provision of this Plan.

(Source:  Amended at 33 Ill. Reg. 13451, effective September 14, 2009)