Village of Bannockburn, IL Article X Participation in Illinois Municipal Retirement Fund

[Adopted 1-27-2003 by Ord. No. 2003-04]

§ 20-40 Statutory authority.

Article 7 of the Illinois Pension Code (40 ILCS 5/7-101 et seq.) provides that a unit of government may elect to participate in the Illinois Municipal Retirement Fund by the adoption of a resolution or ordinance of its governing body, participation to begin following receipt by the Board of Trustees of the Fund of official notice of the election by the unit of government and on a date specified by the IMRF Board.

§ 20-41 Election to participate.

The Village of Bannockburn, Lake County, Illinois, does hereby elect to participate in the Illinois Municipal Retirement Fund.

§ 20-42 Standards for participation.

The standard for IMRF participation shall be a position normally requiring performance of duty for 1,000 hours per year.