96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
SB3280


 
Introduced 2/9/2010, by Sen. Kyle McCarter
 
SYNOPSIS AS INTRODUCED:
 		





 


  




40 ILCS 5/16-163
  from Ch. 108 1/2, par. 16-163



40 ILCS 5/16-164
  from Ch. 108 1/2, par. 16-164








     Amends the Downstate Teacher Article of the Pension Code. Changes the membership of the board of trustees from 13 to 11. Provides that the Governor shall appoint 4 members (instead of 6 members). Makes changes in the provisions concerning terms of office for
the appointed members. Terminates the terms of members of the Board who are appointed by the Governor, including temporary appointees, on the effective date of the amendatory Act and removes language that would allow the current members to hold over in office for 60 days.
  















LRB096 19048 AMC 34439 b

















FISCAL NOTE ACT MAY APPLY


PENSION IMPACT NOTE ACT MAY APPLY
















 


 


A BILL FOR









 




  






SB3280

LRB096 19048 AMC 34439 b





  
1
    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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Sections 16-163 and 16-164 as follows:
 
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    (40 ILCS 5/16-163)  (from Ch. 108 1/2, par. 16-163)
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    Sec. 16-163. Board created.   A board of 11 13 members 
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constitutes the

board of trustees authorized to carry out the 
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provisions of this Article and is
responsible for the general 
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administration of the System.  The board shall
be known as the 
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Board of Trustees of the Teachers' Retirement System
of the 
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State of Illinois.  The board shall be composed of the

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Superintendent of Education, ex officio, who shall be the 
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president of the
board; 4 6 persons, not members of the System, 
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to be appointed by the Governor,
who shall hold no elected 
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State office; 4 persons who, at the time of their
election, are

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teachers as defined in Section 16-106, elected by the

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contributing members; and 2 annuitant members elected by the 
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annuitants of the
System, as provided in Section 16-165.


20
(Source: P.A. 96-6, eff. 4-3-09.)

 



21
    (40 ILCS 5/16-164)  (from Ch. 108 1/2, par. 16-164)


22
    Sec. 16-164. Board - appointed members - vacancies. Terms 
 


 






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of office for
the appointed members shall begin on July 15 of 
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an even-numbered year, except that the terms of office for 
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members appointed pursuant to this amendatory Act of the 96th 
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General Assembly this amendatory Act of the 96th General 
5
Assembly shall begin upon being confirmed by the Senate.
The 
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Governor shall appoint 2 3 members as trustees with the advice 
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and consent of the Senate in each even-numbered year
who shall 
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hold office for a term of 4 years, except that, of the members 
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appointed pursuant to this amendatory Act of the 96th General 
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Assembly this amendatory Act of the 96th General Assembly, 2 3 
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members shall be appointed for a term ending July 14, 2012 and 
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2 3 members shall be appointed for a term ending July 14, 2014. 
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Each such appointee shall reside in and be
a taxpayer in the 
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territory covered by this system, shall be interested
in public 
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school welfare, and experienced and competent in financial and

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business management. A vacancy in the term of an appointed

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trustee shall be filled for the unexpired term by appointment 
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of the
Governor.

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    Notwithstanding any provision of this Section to the 
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contrary, the term of office of each member of the Board 
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appointed by the Governor, including any temporary 
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appointment, who is sitting on the Board on the effective date 
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of this amendatory Act of the 96th General Assembly this 
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amendatory Act of the 96th General Assembly is terminated on 
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that effective date. A trustee sitting on the Board on the 
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effective date of this amendatory Act of the 96th General 
 


 






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Assembly shall this amendatory Act of the 96th General Assembly 
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may not hold over in office for more than 60 days after the 
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effective date of this amendatory Act of the 96th General 
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Assembly. Nothing in this Section shall prevent the Governor 
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from making a temporary appointment or nominating a trustee 
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holding office on the day before the effective date of this 
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amendatory Act of the 96th General Assembly this amendatory Act 
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of the 96th General Assembly. 
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(Source: P.A. 96-6, eff. 4-3-09.)