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.)