50 Ill. Adm. Code 4439.60
Resolution or Ordinance to Dissolve the Pension Fund
Section 4439.60 Resolution or Ordinance to Dissolve the
Pension Fund
a) The
corporate authorities of a municipality in which an Article 3 or Article 4
pension fund has been established may dissolve the pension fund by resolution
or ordinance after completion of the requirements in Section 4439.40.
b) The
corporate authorities of the municipality in which an Article 3 or Article 4
pension fund has been dissolved shall submit to the Pension Division a copy of
the signed and dated resolution or ordinance dissolving the pension fund within
30 days after passage.