(40 ILCS 5/2-127) (from Ch. 108 1/2, par. 2-127)
Sec. 2-127. Board created. The system shall be administered by a board
of trustees of 7 members as follows: 3 members of the
Senate appointed by the President; 3 members of the House of
Representatives appointed by the Speaker; and one person elected
from the member annuitants under rules prescribed by the board. Only
participants are eligible to serve as board members. Not more
than 2 members of the House of Representatives, and not more than 2 members
of the Senate so appointed shall be of the same political party. Appointed
board members shall serve for 2-year terms. If the office of President of
the Senate or Speaker of the House is vacant or its incumbent is not
a participant, the position of trustee otherwise occupied by such officers
shall be deemed vacant and be filled by appointment by the Governor with a
member of the Senate or the House, as the case may be. This appointment
shall be of the same political party as the vacated position.
Elections for the annuitant member shall be held in January of 1993 and
every fourth year thereafter. Nominations and
elections shall be conducted in accordance with such procedures as the
Board may prescribe. In the event that only one eligible person is
nominated, the Board may declare the nominee elected at the close of the
nomination period, and need not conduct an election. The annuitant member
elected in 1989 shall serve for a term of 4 years beginning February 1,
1989; thereafter, an annuitant member shall serve for a period of
4 years from the February 1st immediately following the date
of election, and until a successor is elected and qualified.
Every person designated to serve as a trustee shall take an oath of
office and shall thereupon qualify as a trustee. The oath shall state that
the person will diligently and honestly administer the affairs of the
system, and will not knowingly violate or wilfully permit the violation of
any of the provisions of this Article.
(Source: P.A. 101-307, eff. 8-9-19.)
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