SB0528 EngrossedLRB101 04289 RJF 49297 b



1    AN ACT concerning government.

 
2    Be it enacted by the People of the State of Illinois, 
3represented in the General Assembly: 



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



6    (40 ILCS 5/2-127)  (from Ch. 108 1/2, par. 2-127)



7    Sec. 2-127. Board created. The system shall be administered 
8by a board
of trustees of 7 members as follows: 3 the President 
9of the Senate, ex
officio, or his designee; 2 members of the

10Senate appointed by the President; 3 members of the House of

11Representatives appointed by the Speaker; and one person 
12elected
from the member annuitants under rules prescribed by 
13the board. Only
participants are eligible to serve as board 
14members. Not more
than 2 two members of the House of 
15Representatives, and not more than 2 members one member
of the 
16Senate so appointed shall be of the same political party. 
17Appointed
board members shall serve for 2-year terms. If the 
18office of President of
the Senate or Speaker of the House is 
19vacant or its incumbent is not
a participant, the position of 
20trustee otherwise occupied by such officers
shall be deemed 
21vacant and be filled by appointment by the Governor with a

22member of the Senate or the House, as the case may be. This 
23appointment
shall be of the same political party as the vacated 
 
 
SB0528 Engrossed- 2 -LRB101 04289 RJF 49297 b

1position.

2    Elections for the annuitant member shall be held in January 
3of 1993 and
every fourth year thereafter. Nominations and

4elections shall be conducted in accordance with such procedures 
5as the
Board may prescribe.  In the event that only one eligible 
6person is
nominated, the Board may declare the nominee elected 
7at the close of the
nomination period, and need not conduct an 
8election.  The annuitant member
elected in 1989 shall serve for 
9a term of 4 years beginning February 1,
1989; thereafter, an 
10annuitant member shall serve for a period of
4 years from the 
11February 1st immediately following the date
of election, and 
12until a successor is elected and qualified.

13    Every person designated to serve as a trustee shall take an 
14oath of
office and shall thereupon qualify as a trustee. The 
15oath shall state that
the person will diligently and honestly 
16administer the affairs of the
system, and will not knowingly 
17violate or wilfully permit the violation of
any of the 
18provisions of this Article.

19(Source: P.A. 86-273; 86-1488.)

 

20    Section 99. Effective date. This Act takes effect upon 
21becoming law.