Illinois Compiled Statutes
40 ILCS 5/14-135.06 (2026)
To have an audit and submit statements
✓ current as of May 2026
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(40 ILCS 5/14-135.06)
(from Ch. 108 1/2, par. 14-135.06)
Sec. 14-135.06.
To have an audit and submit statements.
To have the accounts
of the system audited annually by a certified
public accountant designated by the Auditor General; to submit an annual
statement to the Governor as soon as possible after the end of each
fiscal year; and to cause to be published for distribution among the
members a financial statement showing the assets and liabilities of the
system, an income statement, an analysis of operating results, and an
actuarial valuation of the assets and liabilities of the system.
(Source: P.A. 80-841.)
Notes of Decisions
Cited in 2
cases, 2014–2014 · leading case: Sharp v. The Bd. of Trs. of the State Employees' Ret. Sys., 2014 IL App (4th) 130125 (Ill. App. Ct. 2014).
Sharp v. The Bd. of Trs. of the State Employees' Ret. Sys., 2014 IL App (4th) 130125 (Ill. App. Ct. 2014). “Section 14-102 of the Pension Code provides as follows: "The purpose of [SERS] is to provide an orderly means whereby aged or disabled employees may be retired from active service, without prejudice or hardship, and to enable the employees to accumulate reserves for themselves…”
Sharp v. The Bd. of Trs. of the State Employees' Ret. Sys., 2014 IL App (4th) 130125 (Ill. App. Ct. 2014). “Section 14-102 of the Pension Code provides as follows: “The purpose of [SERS] is to provide an orderly means whereby aged or disabled employees may be retired from active service, without prejudice or hardship, and to enable the employees to accumulate reserves for themselves…”
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