Other Applicable Laws
Other laws that apply to CTPF include:
The Freedom of Information Act (FOIA) establishes that the records of a public body shall be open to the public. FOIA includes information related to defining a public body, defining a public record, records that are exempt from FOIA, response time, fees, and other information.
The Illinois Open Meetings Act (OMA) governs when a public body must conduct a meeting that is open to the public. OMA establishes requirements related to openness, exceptions as to subject matter areas for which closed meetings may take place, and notice, posting, recording meetings, minutes, quorum, majority, and other requirements.
As a qualified, government pension plan, CTPF is tax-exempt and subject to various provisions of the Internal Revenue Code, including much of IRC Section 401.