Illinois Code § 40 ILCS 5/16-173

To maintain records and accounts.
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To maintain a separate account for each individual member and annuitant;
to maintain adequate accounting records which shall reflect the financial
condition of the system, and such additional data as shall be necessary for
required calculations, actuarial valuations, and operation of the system;
to have the records of the system photographed, microfilmed or otherwise
reproduced, which photographs, microfilms or reproductions shall be deemed
original records for all purposes.

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