§1650.3105. Exclusive Benefit Rule

Latest version.

Prior to the satisfaction of all liabilities to members or their beneficiaries, no part of the corpus or income of the System shall be used for, or diverted to, purposes other than for the exclusive benefit of the System's members, annuitants and beneficiaries.

(Source: Added at 35 Ill. Reg. 19541, effective November 18, 2011)

                    
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