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Illinois Statutes Chapter 40. Pensions § 5/16-101. Creation of system

Current as of January 01, 2025 | Updated by Findlaw Staff

§ 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.

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Cite this article: FindLaw.com - Illinois Statutes Chapter 40. Pensions § 5/16-101. Creation of system - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-40-pensions/il-st-sect-40-5-16-101/

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