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| | HB3004 Engrossed | | LRB102 14774 RPS 20127 b |
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| 1 | | AN ACT concerning public employee benefits.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Pension Code is amended by adding |
| 5 | | Section 1-109.5 as follows:
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| 6 | | (40 ILCS 5/1-109.5 new) |
| 7 | | Sec. 1-109.5. Prohibition on employment for former board |
| 8 | | members. No individual who is a board member of a pension fund, |
| 9 | | investment board, or retirement system may be employed by that |
| 10 | | pension fund, investment board, or retirement system or by any |
| 11 | | vendor of that pension fund, investment board, or retirement |
| 12 | | system for a period of 12 months after he or she ceases to be a |
| 13 | | board member.
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