Sec. 1-165. Commission on Government Forecasting and Accountability study.
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Sec. 1-165. Commission on Government Forecasting and Accountability study. The Commission on Government Forecasting and Accountability shall conduct a study on the feasibility of:
(1)the creation of an investment pool to supplement and enhance the investment
opportunities available to boards of trustees of the pension funds organized under Articles 3 and 4 of this Code; the study shall include an analysis on any cost or cost savings associated with establishing the system and transferring assets for management under the investment pool; and
(2)enacting a contribution cost-share component wherein employing municipalities and
members of funds established under Articles 3 and 4 of this Code each contribute 50% of the normal cost of the defined-benefit plan.
The Commission shall issue a report on its findings on or before December 31, 2011.