Public Act 096-1427
 
HB4788 EnrolledLRB096 15811 AMC 31052 b

    AN ACT concerning the 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 8-192 as follows:
 
    (40 ILCS 5/8-192)  (from Ch. 108 1/2, par. 8-192)
    Sec. 8-192. Board created. A board of 5 members shall
constitute a Board of Trustees authorized to carry out the
provisions of this Article. The board shall be known as the
Retirement Board of the Municipal Employees', Officers', and
Officials' Annuity and Benefit Fund of the city, or for the
sake of brevity may also be known and referred to as the
Retirement Board of the Municipal Employees' Annuity and
Benefit Fund of such city. The board shall consist of the city
comptroller, the city treasurer, and 3 members who shall be
employees, to be elected as follows:
    Within 30 days after the effective date, the mayor of the
city shall arrange for and hold an election.
    One employee shall be elected for a term ending on the
first day in the month of December of the first year next
following the effective date; one for a term ending December
1st of the following year; and one for a term ending on
December 1st of the second following year.
    The city comptroller, with the approval of the board, may
appoint a designee from among employees of the city who are
versed in the affairs of the comptroller's office to act in the
absence of the comptroller on all matters pertaining to
administering the provisions of this Article.
    The city treasurer, with the approval of the board, may
appoint a designee from among employees of the city who are
versed in the affairs of the treasurer's office to act in the
absence of the treasurer on all matters pertaining to
administering the provisions of this Article.
    The members of a Retirement Board of a municipal
employees', officers', and officials' annuity and benefit fund
holding office in a city at the time this Article becomes
effective, including elective and ex-officio members, shall
continue in office until the expiration of their terms and
until their respective successors are elected or appointed and
have qualified.
    An employee member who takes advantage of the early
retirement incentives provided under this amendatory Act of the
93rd General Assembly may continue as a member until the end of
his or her term.
(Source: P.A. 93-654, eff. 1-16-04.)