40 ILCS 5/16-179.2: To Create and Maintain a Salary Reduction Plan.

(1) To develop a Salary Reduction Plan for members as permitted under the relevant Sections of the Internal Revenue Code.

(2) To contract with school districts and other employers for the creation and maintenance of a uniform Salary Reduction Plan for system members.

(3) To adopt all rules necessary and reasonable for the implementation of this Section.