Illinois General Assembly - Illinois Compiled Statutes

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40 ILCS 5/22-401

(40 ILCS 5/22-401) (from Ch. 108 1/2, par. 22-401)

Sec. 22-401.

Pension fund - body politic and corporate.

Any annuity and benefit fund, annuity and retirement fund or retirement
system, heretofore or hereafter created by the legislature of the State of
Illinois for the benefit of employees of the State or of any county, city,
town, municipal corporation or body politic and corporate, located in the
State of Illinois and functioning pursuant to legislative enactment, to
which the State or any such county, city, town, municipal corporation or
body politic and corporate is required to contribute by way of tax levies,
appropriations from the corporate fund, or otherwise, and by whatever name
such annuity and benefit fund, annuity and retirement fund or retirement
system may be called, is hereby declared to be a pension fund and to be a
body politic and corporate under the title specified in the law creating
such fund, limited to the performance of the duties set out in the law
creating such fund. The trustees of each fund are hereby declared to be the
officials of such body politic and corporate, vested with the powers and
duties set out in said law.

(Source: Laws 1963, p. 161.)