A plan may not acquire a security issued by an employer of employees covered by the retirement system or pension fund, if immediately after such acquisition, the aggregate fair market value of such employer securities held by the retirement system or pension fund exceed 10 per cent of the fair market value of the assets of the retirement system or pension fund.
40 ILCS 5/1-111
Ten Per Cent Limitation of Employer Securities
Known as the Illinois Pension Code
The act spans §§ 40-5-1-101 to 40-5-1-167 (79 sections).
P.A. 81-948.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.