98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
SB2933
 
Introduced 2/4/2014, by Sen. David Koehler
 
SYNOPSIS AS INTRODUCED:
 

 



40 ILCS 5/3-128  from Ch. 108 1/2, par. 3-128

     Amends the Downstate Police Article of the Illinois Pension Code. In the provision concerning the membership of the Board of Trustees of the Police Pension Fund, provides that if there are no beneficiaries available and willing to serve as the 5th member, then the 5th member may be elected from the active participants of
the pension fund by the
beneficiaries. Effective immediately.
  


LRB098 19649 RPM 54852 b

PENSION IMPACT NOTE ACT MAY APPLY
 
 
A BILL FOR
 

  
SB2933LRB098 19649 RPM 54852 b


  
1    AN ACT concerning public employee benefits.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 5. The Illinois Pension Code is amended  by changing 
5Section 3-128 as follows:
 



6    (40 ILCS 5/3-128)  (from Ch. 108 1/2, par. 3-128)



7    Sec. 3-128. Board created. A board of 5 members shall 
8constitute a board of trustees to administer the
pension fund 
9and to designate the beneficiaries thereof. The board shall be

10known as the "Board of Trustees of the Police Pension Fund"
of 
11the municipality.

12    Two members of the board shall be appointed by the mayor or 
13president of
the board of trustees of the municipality 
14involved. The 3rd and 4th
members of the board shall be elected 
15from the active participants of
the pension fund by such active

16participants. The 5th member shall be elected by and from the

17beneficiaries; however, if there are no beneficiaries 
18available and willing to serve as the 5th member, then the 5th 
19member may be elected from the active participants of
the 
20pension fund by the
beneficiaries.

21    One of the members appointed
by the mayor or president of 
22the board of trustees shall serve for
one year beginning on the 
232nd Tuesday in May
after the municipality comes under this 
 
 
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1Article. The other
appointed member shall serve for 2 years 
2beginning on the same date. Their
successors shall serve for 2

3years each or until their successors are appointed and 
4qualified.

5    The election for board members
shall be held biennially on 
6the 3rd Monday in April, at such place or
places in the 
7municipality and under the Australian ballot system and such

8other regulations as shall be prescribed by the appointed 
9members of the
board.

10    The active pension fund participants shall be entitled to 
11vote only
for the active participant members of the board. All 
12beneficiaries of
legal age may vote only for the member chosen 
13from among the
beneficiaries. No person shall be entitled to 
14cast more than one ballot at
such election. The term of elected 
15members shall be 2 years,
beginning on the 2nd Tuesday of the 
16first May after the election.

17    Upon the death, resignation or inability to act of any 
18elected board
member, his or her successor shall be elected for 
19the
unexpired term at a special election, to be called by the 
20board and
conducted in the same manner as the regular biennial 
21election.

22    Members of the board shall neither receive nor have any 
23right to
receive any salary from the pension fund for services 
24performed as trustees
in that office.

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

 
 
26    Section 99. Effective date. This Act takes effect upon 
 
 
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1becoming law.