IL SB2748

Amends the Chicago Teacher Article of the Illinois Pension Code to modernize how payments are made from the Chicago Teachers' Pension Fund

Replaces the outdated requirement for warrants signed by multiple Board of Education officials with authorization for payments via checks or direct deposit transmittals

Authorizes the executive director or a Board-designated person to approve Fund payments, streamlining the administrative process

Updates gendered language in the statute to gender-neutral terms (e.g., "his" to "the city treasurer's")

Maintains the city treasurer as custodian of the Fund with liability on their official bond for proper performance of duties