Sec. 1-101.3. Party in interest.

144 words·~1 min read·/il/chapter-40/act-5/1-101-3

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Sec. 1-101.3. Party in interest. A person is a "party in interest" with respect to a pension fund or retirement system established under this Code if the person is:

(1)a fiduciary, counsel, or employee of the pension fund or retirement system, or a

relative of such a person;

(2)a person providing services to the pension fund or retirement system, or a relative

of such a person;

(3)an employer, any of whose employees are covered by the pension fund or retirement

system;

(4)an employee organization, any members of which are covered by the pension fund or

retirement system; or

(5)an employee, officer, or director (or an individual having powers or

responsibilities similar to those of an officer or director) of the pension fund or retirement system or of a person described under item (2), (3), or

(4)of this Section.