(40 ILCS 5/22-223) (from Ch. 108 1/2, par. 22-223)
Sec. 22-223.
To retain principal of investments.
Except as provided in Section 22-232 the Board of Trustees shall have
the right and power, in their sole discretion, to provide that the
principal of invested funds shall be held intact and that each beneficiary
of the benefit, pensions and payments provided in this Division shall
receive only such equal percentage of such monthly benefits, pensions and
payments as the income from the invested funds and the moneys received in
accordance with Section 22-215 of this Division, shall be sufficient to
provide. Nothing in this Section shall be held to require an increase in
any benefit, pension or payment provided for in this Division.
(Source: Laws 1963, p. 161.)
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