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1 | AN ACT concerning public employee benefits.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Illinois Pension Code is amended by changing | ||||||||||||||||||||||||||
5 | Section 1-109.3 as follows: | ||||||||||||||||||||||||||
6 | (40 ILCS 5/1-109.3) | ||||||||||||||||||||||||||
7 | Sec. 1-109.3. Training requirement for pension trustees. | ||||||||||||||||||||||||||
8 | (a) All elected and appointed trustees under Article 3 and | ||||||||||||||||||||||||||
9 | 4 of this Code must participate in a mandatory trustee | ||||||||||||||||||||||||||
10 | certification training seminar that consists of at least 32 | ||||||||||||||||||||||||||
11 | hours of initial trustee certification at a training facility | ||||||||||||||||||||||||||
12 | that is accredited and affiliated with a State of Illinois | ||||||||||||||||||||||||||
13 | certified college or university. This training must include | ||||||||||||||||||||||||||
14 | without limitation all of the following: | ||||||||||||||||||||||||||
15 | (1) Duties and liabilities of a fiduciary under Article | ||||||||||||||||||||||||||
16 | 1 of the Illinois Pension Code. | ||||||||||||||||||||||||||
17 | (2) Adjudication of pension claims. | ||||||||||||||||||||||||||
18 | (3) Basic accounting and actuarial training. | ||||||||||||||||||||||||||
19 | (4) Trustee ethics. | ||||||||||||||||||||||||||
20 | (5) The Illinois Open Meetings Act. | ||||||||||||||||||||||||||
21 | (6) The Illinois Freedom of Information Act. | ||||||||||||||||||||||||||
22 | The training required under this subsection (a) must be | ||||||||||||||||||||||||||
23 | completed within the first 2 years after the year that a |
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1 | trustee takes office is elected or appointed under an Article 3 | ||||||
2 | or 4 pension fund. At least 8 hours of training during the | ||||||
3 | first year of training must cover fiduciary duties and | ||||||
4 | liabilities and trustee ethics. The elected and appointed | ||||||
5 | trustees of an Article 3 or 4 pension fund who are police | ||||||
6 | officers (as defined in Section 3-106 of this Code) or | ||||||
7 | firefighters (as defined in Section 4-106 of this Code) or are | ||||||
8 | employed by the municipality shall be permitted time away from | ||||||
9 | their duties to attend such training without reduction of | ||||||
10 | accrued leave or benefit time. Active or appointed trustees | ||||||
11 | serving on the effective date of this amendatory Act of the | ||||||
12 | 96th General Assembly shall not be required to attend the | ||||||
13 | training required under this subsection (a). | ||||||
14 | (b) Upon completion of and in In addition to the initial | ||||||
15 | trustee certification training required under subsection (a), | ||||||
16 | all elected and appointed trustees under Article 3 and 4 of | ||||||
17 | this Code , including trustees serving on the effective date of | ||||||
18 | this amendatory Act of the 96th General Assembly, shall also | ||||||
19 | complete at least an additional participate in a minimum of 16 | ||||||
20 | hours of continuing trustee education during (i) the 2 years | ||||||
21 | following the date by which the training required under | ||||||
22 | subsection (a) must be completed and (ii) every 2 years | ||||||
23 | thereafter. At least 4 hours of training during each year must | ||||||
24 | be devoted to fiduciary duties and liabilities and trustee | ||||||
25 | ethics. At least 8 hours of the biennial training required | ||||||
26 | under this subsection (b) must be in the form of a live lecture |
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1 | or classroom training forum or, if taken in an online training | ||||||
2 | program, must be in an interactive form with ascertainable | ||||||
3 | verification of participation and learning by the trustee in | ||||||
4 | the online training program. The balance of biennial trustee | ||||||
5 | training may take the form of participation in other training | ||||||
6 | opportunities incident to the functioning of the pension board, | ||||||
7 | such as participation in board hearings on the award of | ||||||
8 | disability or other benefits or training opportunities | ||||||
9 | associated with other organizations or employment that are | ||||||
10 | applicable to the duties of a pension fund trustee each year | ||||||
11 | after the first year that the trustee is elected or appointed . | ||||||
12 | (c) The training required under this Section shall be paid | ||||||
13 | for by the pension fund. | ||||||
14 | (d) Any board member who does not timely complete the | ||||||
15 | training required under this Section is not eligible to serve | ||||||
16 | on the board of trustees of an Article 3 or 4 pension fund, | ||||||
17 | unless the board member completes the missed training within 6 | ||||||
18 | months after the date the member failed to complete the | ||||||
19 | required training. In the event of a board member's failure to | ||||||
20 | complete the required training, a successor shall be appointed | ||||||
21 | or elected, as applicable, for the unexpired term. A successor | ||||||
22 | who is elected under such circumstances must be elected at a | ||||||
23 | special election called by the board and conducted in the same | ||||||
24 | manner as a regular election under Article 3 or 4, as | ||||||
25 | applicable.
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26 | (Source: P.A. 96-429, eff. 8-13-09.) |
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1 | Section 90. The State Mandates Act is amended by adding | ||||||
2 | Section 8.42 as follows: | ||||||
3 | (30 ILCS 805/8.42 new) | ||||||
4 | Sec. 8.42. Exempt mandate. Notwithstanding Sections 6 and 8 | ||||||
5 | of this Act, no reimbursement by the State is required for the | ||||||
6 | implementation of any mandate created by this amendatory Act of | ||||||
7 | the 100th General Assembly.
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8 | Section 99. Effective date. This Act takes effect upon | ||||||
9 | becoming law.
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