Section 4439.60  Resolution or Ordinance to Dissolve the Pension Fund

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.