Sen. John Connor

Filed: 5/20/2021

 

 


 

 


 
10200HB3004sam001LRB102 14774 SMS 26620 a

1
AMENDMENT TO HOUSE BILL 3004

2    AMENDMENT NO. ______. Amend House Bill 3004 by replacing
3everything after the enacting clause with the following:
 
4    "Section 5. The Illinois Pension Code is amended by adding
5Section 1-109.5 as follows:
 
6    (40 ILCS 5/1-109.5 new)
7    Sec. 1-109.5. Prohibition on employment for board members.
8Except as otherwise provided in this Section and in accordance
9with Section 5-45 of the State Officials and Employees Ethics
10Act, no individual who is a board member of a pension fund,
11investment board, or retirement system may be employed by that
12pension fund, investment board, or retirement system at any
13time during his or her service and for a period of 12 months
14after he or she ceases to be a board member.
15    If the executive director position becomes vacant and no
16executive member of the staff is willing to accept the

 

 

10200HB3004sam001- 2 -LRB102 14774 SMS 26620 a

1position, an individual serving as a board member may
2temporarily serve as interim executive director of the fund
3under the following conditions:
4        (1) the executive director position is vacant and the
5    board is conducting and documenting a public search for a
6    new permanent executive director who is not a member of
7    the board of trustees of the fund;
8        (2) a majority of the board of trustees of the fund
9    votes to designate a specific board member to serve as the
10    interim executive director;
11        (3) the board-designated interim executive director
12    does not receive any salary or benefits associated with
13    the position;
14        (4) the board-designated interim executive director
15    serves for a period of not more than 6 months; and
16        (5) the trustee vacates his or her position as a
17    trustee while serving as an interim executive director.".