(75 ILCS 16/10-55)
Sec. 10-55.
Employee retirement program.
When the employees of a public tax
supported library of a county, municipality, or township are participating in
an employer provided Illinois Municipal Retirement Fund or other retirement or
pension program and the library is converting to a library district under this
Article, the corporate authority shall continue to provide coverage under the
retirement or pension program until the newly established district library
provides retirement or pension program coverage. In no case, however, shall the
corporate authority extend its coverage for more than 547 days after the
effective date of the circuit court's final order of establishment. Any
payments made by the corporate authority for coverage shall be reimbursed by
the district library.
(Source: P.A. 87-1277.)
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