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(40 ILCS 5/1A-108)
Sec. 1A-108. Report to the Governor and General Assembly. On or before
October 1 following the convening of a regular session of the General Assembly,
the Division shall submit a report to the Governor and General Assembly setting
forth the latest financial statements on the pension funds operating in the
State of Illinois, a summary of the current provisions underlying these funds,
and a report on any changes that have occurred in these provisions since the
date of the last such report submitted by the Division.
The report shall also include the results of examinations made by the
Division of any pension fund and any specific recommendations for legislative
and administrative correction that the Division deems necessary. The report
may embody general recommendations concerning desirable changes in any existing
pension, annuity, or retirement laws designed to standardize and establish
uniformity in their basic provisions and to bring about an improvement in the
financial condition of the pension funds. The purposes of these
recommendations and the objectives sought shall be clearly expressed in the
report.
The requirement for reporting to the General Assembly shall be satisfied by
filing copies of the report as required by
Section 3.1 of the General Assembly Organization Act, and filing additional
copies with the State Government Report Distribution Center for the General
Assembly as required under paragraph (t) of Section 7 of the State Library
Act.
Upon request, the Division shall distribute additional copies of the report
at no charge to the secretary of each pension fund established under Article 3
or 4, the treasurer or fiscal officer of each municipality with an established
police or firefighter pension fund, the executive director of every other
pension fund established under this Code, and to public libraries, State
agencies, and police, firefighter, and municipal organizations active in the
public pension area.
(Source: P.A. 100-1148, eff. 12-10-18.)
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