§ 1.05. Personal interest of members of pension commission prohibited.  


Latest version.
  • No member of the pension commission shall have any interest, direct or indirect, in the gains or profits of any investment made by the commission, except to the extent any member of the commission may be a member, survivor, or beneficiary of the system. No member of the commission shall receive, directly or indirectly, any pay or emolument for his services except as expressly provided in this Act. No member of the commission shall, directly or indirectly, for himself or as an agent, use in any manner the funds or deposits of the system, except to make such payments therefrom as are authorized by the commission, nor shall any member of the commission become an endorser or surety or in any manner or obligor for monies loaned by or borrowed from the system.