Illinois General Assembly - Full Text of SB1672
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Full Text of SB1672  97th General Assembly

SB1672eng 97TH GENERAL ASSEMBLY

  
  
  

 


 
SB1672 EngrossedLRB097 07602 JDS 47713 b

1    AN ACT concerning public employee benefits.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Pension Code is amended by changing
5Section 6-184 as follows:
 
6    (40 ILCS 5/6-184)  (from Ch. 108 1/2, par. 6-184)
7    Sec. 6-184. To have an audit. To contract with an
8independent certified public accounting firm to perform an
9annual audit of the assets of the fund and issue a financial
10opinion. The annual audit shall be in addition to any
11examination of the fund by the State Director of Insurance.
12    Beginning with calendar year 2011, and every odd-numbered
13year thereafter, the board shall prepare a report for inclusion
14in its annual audit of the annual cost of duty disability to
15the fund.
16(Source: P.A. 86-273.)