Sec. 16-179.2. To Create and Maintain a Salary Reduction Plan.
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/il/chapter-40/act-5/16-179-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 16-179.2. To Create and Maintain a Salary Reduction Plan.
(1)To develop a Salary Reduction Plan for members as permitted under the relevant Sections of the Internal Revenue Code.
(2)To contract with school districts and other employers for the creation and maintenance of a uniform Salary Reduction Plan for system members.
(3)To adopt all rules necessary and reasonable for the implementation of this Section.