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HB1627 Engrossed |
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LRB095 04729 AMC 24788 b |
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| AN ACT concerning public employee benefits.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Illinois Pension Code is amended by changing |
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| Section 16-170 and by adding Section 16-181.4 as follows:
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| (40 ILCS 5/16-170) (from Ch. 108 1/2, par. 16-170)
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| Sec. 16-170. Board powers and duties. The board shall have |
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| the powers and duties stated in Sections 16-171 through
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| 16-181.4
16-181.2, in addition to the other powers and
duties |
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| granted it
in this Article.
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| (Source: P.A. 83-1440.)
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| (40 ILCS 5/16-181.4 new) |
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| Sec. 16-181.4. To provide informational material. The |
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| board may, on an annual basis, provide annuitants under this |
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| Article the option of electing and consenting to receive |
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| informational material from any nonprofit association. To |
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| qualify as a nonprofit association under this Section, at least |
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| 50% of nonprofit association's members must be annuitants of |
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| the System. The board may adopt rules to implement this |
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| Section.
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| Section 99. Effective date. This Act takes effect upon |