Public Act 101-0307
 
SB0528 EnrolledLRB101 04289 RJF 49297 b



    AN ACT concerning government.

 
    Be it enacted by the People of the State of Illinois, 
represented in the General Assembly: 



 
    Section 5. The Illinois Pension Code is amended by changing 
Section 2-127 as follows:
 



    (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 the President 
of the Senate, ex
officio, or his designee; 2 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 two members of the House of 
Representatives, and not more than 2 members one member
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. 86-273; 86-1488.)

 

    Section 99. Effective date. This Act takes effect upon 
becoming law.