(40 ILCS 5/16-101)
(from Ch. 108 1/2, par. 16-101)
Creation of system.
Effective July 1, 1939,
there is created the "Teachers' Retirement System of the State of
Illinois" for the purpose of providing retirement annuities and other
benefits for teachers, annuitants and beneficiaries. All of its business
shall be transacted, its funds invested, and its assets held in such name.
(Source: P.A. 83-1440.)