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Sen. Iris Y. Martinez
Filed: 5/5/2010
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09600HB4788sam002 |
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LRB096 15811 EFG 41166 a |
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| AMENDMENT TO HOUSE BILL 4788
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| AMENDMENT NO. ______. Amend House Bill 4788 by replacing |
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| everything after the enacting clause with the following:
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| "Section 5. The Illinois Pension Code is amended by |
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| changing Section 8-192 as follows:
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| (40 ILCS 5/8-192) (from Ch. 108 1/2, par. 8-192) |
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| Sec. 8-192. Board created. A board of 5 members shall |
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| constitute a Board of Trustees authorized to
carry out the |
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| provisions of this Article. The board shall be known as the
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| Retirement Board of the Municipal Employees', Officers', and |
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| Officials'
Annuity and Benefit Fund of the city, or for the |
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| sake of brevity may also
be known and referred to as the |
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| Retirement Board of the Municipal
Employees' Annuity and |
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| Benefit Fund of such city. The board shall consist
of the city |
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| comptroller, the city treasurer, and 3 members who shall be
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| employees, to be elected as follows: |
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09600HB4788sam002 |
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LRB096 15811 EFG 41166 a |
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| Within 30 days after the effective date, the mayor of the |
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| city shall
arrange for and hold an election. |
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| One employee shall be elected for a term ending on the |
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| first day in the
month of December of the first year next |
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| following the effective date; one
for a term ending December |
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| 1st of the following year; and one for a term
ending on |
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| December 1st of the second following year. |
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| The city comptroller, with the approval of the board, may |
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| appoint a
designee from among employees of the city who are |
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| versed in the affairs of
the comptroller's office to act in the |
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| absence of the comptroller on all
matters pertaining to |
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| administering the provisions of this Article. |
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| The city treasurer, with the approval of the board, may |
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| appoint a designee from among employees of the city who are |
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| versed in the affairs of the treasurer's office to act in the |
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| absence of the treasurer on all matters pertaining to |
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| administering the provisions of this Article. |
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| The members of a Retirement Board of a municipal |
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| employees', officers',
and officials' annuity and benefit fund |
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| holding office in a city at the
time this Article becomes |
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| effective, including elective and ex-officio
members, shall |
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| continue in office until the expiration of their terms and
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| until their respective successors are elected or appointed and |
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| have
qualified. |
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| An employee member who takes advantage of the early |
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| retirement incentives
provided under this amendatory Act of the |