Rep. Michael J. Madigan

Filed: 12/2/2013

 

 


 

 


 
09800SB1961ham002LRB098 10237 RPM 50107 a

1
AMENDMENT TO SENATE BILL 1961

2    AMENDMENT NO. ______. Amend Senate Bill 1961, AS AMENDED,
3by replacing everything after the enacting clause with the
4following:
 
5    "Section 5. The Illinois Pension Code is amended by
6changing Sections 15-169 and 16-171 as follows:
 
7    (40 ILCS 5/15-169)  (from Ch. 108 1/2, par. 15-169)
8    Sec. 15-169. To elect officers and appoint employees. To
9elect officers; to appoint a secretary and treasurer; to have a
10seal; to employ and fix the rate of pay of such actuarial,
11legal, clerical, audit, medical, or other services, or
12corporate trustee organized under the laws of this State with a
13capital of not less than $1,000,000, or investment counsel and
14other persons as shall be required for the efficient
15administration of the system. All actions brought by or against
16the board shall be prosecuted or defended by the Attorney

 

 

09800SB1961ham002- 2 -LRB098 10237 RPM 50107 a

1General or by other counsel, as the board may decide.
2(Source: P.A. 98-92, eff. 7-16-13.)
 
3    (40 ILCS 5/16-171)  (from Ch. 108 1/2, par. 16-171)
4    Sec. 16-171. To sue and be sued. To sue and be sued in the
5name of the board. The board shall not be a corporation. The
6board may sue to protect any rights of the retirement system.
7All actions brought by or against the board shall be prosecuted
8or defended, as the case may be, by the Attorney General or
9other counsel.
10(Source: P.A. 83-1440.)
 
11    Section 99. Effective date. This Act takes effect upon
12becoming law.".