Public Act 102-0479
 
HB3474 EnrolledLRB102 02573 RPS 12575 b


  
    AN ACT concerning public employee benefits.
  
 
    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 7-174 as follows:
 



    (40 ILCS 5/7-174)  (from Ch. 108 1/2, par. 7-174)



    Sec. 7-174. Board created. 

    (a) A board of 8 members shall
constitute a board of 
trustees authorized to carry out the provisions of
this 
Article.  Each trustee shall be a participating employee of a

participating municipality or participating instrumentality or 
an annuitant
of the Fund and no person shall be eligible to 
become a trustee after January
1, 1979 who does not have the 
minimum service credit in this Fund to qualify for a pension.

    (b) The board shall consist of representatives of various 
groups as
follows:


        1. 4 trustees shall be a chief executive officer, 
    chief finance
officer, or other officer, executive or 
    department head of a
participating municipality or 
    participating instrumentality, and each
such trustee shall 
    be designated as an executive trustee.


        2. 3 trustees shall be employees of a participating 
    municipality or
participating instrumentality and each 
    such trustee shall be designated
as an employee trustee. A 
    person who meets the criteria to be an executive trustee 
    may not serve as an employee trustee. 


        3. One trustee shall be an annuitant of the Fund, who 
    shall be
designated the annuitant trustee.

    (c) A person elected as a trustee shall qualify as a 
trustee, after
declaration by the board that he has been duly 
elected, upon taking and
subscribing to the constitutional 
oath of office and filing same in the
office of the Fund.

    (d) The term of office of each trustee shall begin upon 
January 1 of
the year following the year in which he is elected 
and shall continue
for a period of 5 years and until a 
successor has been elected and
qualified, or until prior 
resignation, death, incapacity or
disqualification.

    (e) Any elected trustee (other than the annuitant trustee) 
shall be
disqualified immediately upon termination of 
employment with all participating
municipalities and 
instrumentalities thereof or upon any change in status which

removes any such trustee from all employments within the group 
he represents.
The annuitant trustee shall be disqualified 
upon termination of his or her
annuity.

    (f) The trustees shall fill any vacancy in the board by 
appointment,
for the period until the next election of 
trustees, or, if the remaining
term is less than 2 years, for 
the remainder of the term, and until his
successor has been 
elected and qualified.

    (g) Trustees shall serve without compensation, but shall 
be
reimbursed for any reasonable expenses incurred in 
attending meetings of
the board and in performing duties on 
behalf of the Fund and for the
amount of any earnings withheld 
by any employing municipality or
participating instrumentality 
because of attendance at any board
meeting.

    (h) Each trustee shall be entitled to
one vote on any and 
all actions before the board.  At least 5 concurring votes

shall be necessary for every decision or action by the board at 
any of its
meetings.  No decision or action shall become 
effective unless presented and so
approved at a regular or 
duly called special meeting of the board.

(Source: P.A. 100-139, eff. 8-18-17.)

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