Rep. Michael J. Madigan
Filed: 12/2/2013
 
 

 

 

 
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1
AMENDMENT TO SENATE BILL 1961 




2    AMENDMENT NO. ______. Amend Senate Bill 1961, AS AMENDED, 
3by replacing everything after the enacting clause with the 
4following:

 
5    "Section 5. The Illinois Pension Code is amended  by 
6changing Sections 15-169 and 16-171 as follows:
 



7    (40 ILCS 5/15-169)  (from Ch. 108 1/2, par. 15-169)



8    Sec. 15-169. To elect officers and appoint employees. To 
9elect officers; to appoint a secretary and treasurer; to have a 
10seal;
to employ and fix the rate of pay of such actuarial, 
11legal, clerical, audit, medical, or other services, or 
12corporate trustee
organized under the laws of this State with a 
13capital of not less than
$1,000,000, or investment counsel and 
14other persons as shall be required
for the efficient 
15administration of the system.
All actions brought by or against 
16the board shall be prosecuted or
defended by the Attorney 
 
 
09800SB1961ham002- 2 -LRB098 10237 RPM 50107 a

1General or by other counsel,
as the board may decide.

2(Source: P.A. 98-92, eff. 7-16-13.)

 



3    (40 ILCS 5/16-171)  (from Ch. 108 1/2, par. 16-171)



4    Sec. 16-171. To sue and be sued. To sue and be sued in the 
5name of the board.
The board shall not be a corporation. The 
6board may sue to protect any
rights of the retirement system. 
7All actions brought by or against the
board shall be prosecuted 
8or defended, as the case may be, by the Attorney
General or 
9other counsel.

10(Source: P.A. 83-1440.)

 

11    Section 99. Effective date. This Act takes effect upon 
12becoming law.".