SB1974 Engrossed LRB096 09271 AMC 19425 b

1     AN ACT concerning public employee benefits.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The Illinois Pension Code is amended by adding
5 Section 1-109.3 as follows:
 
6     (40 ILCS 5/1-109.3 new)
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 year that a trustee is elected or

 

 

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1 appointed under an Article 3 or 4 pension fund. The elected and
2 appointed trustees of an Article 3 or 4 pension fund who are
3 police officers (as defined in Section 3-106 of this Code) or
4 firefighters (as defined in Section 4-106 of this Code) or are
5 employed by the municipality shall be permitted time away from
6 their duties to attend such training without reduction of
7 accrued leave or benefit time. Active or appointed trustees
8 serving on the effective date of this amendatory Act of the
9 96th General Assembly shall not be required to attend the
10 training required under this subsection (a).
11     (b) In addition to the initial trustee certification
12 training required under subsection (a), all elected and
13 appointed trustees under Article 3 and 4 of this Code,
14 including trustees serving on the effective date of this
15 amendatory Act of the 96th General Assembly, shall also
16 participate in a minimum of 16 hours of continuing trustee
17 education each year after the first year that the trustee is
18 elected or appointed.
19     (c) The training required under this Section shall be paid
20 for by the pension fund.
21     (d) Any board member who does not timely complete the
22 training required under this Section is not eligible to serve
23 on the board of trustees of an Article 3 or 4 pension fund,
24 unless the board member completes the missed training within 6
25 months after the date the member failed to complete the
26 required training. In the event of a board member's failure to

 

 

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1 complete the required training, a successor shall be appointed
2 or elected, as applicable, for the unexpired term. A successor
3 who is elected under such circumstances must be elected at a
4 special election called by the board and conducted in the same
5 manner as a regular election under Article 3 or 4, as
6 applicable.
 
7     Section 90. The State Mandates Act is amended by adding
8 Section 8.33 as follows:
 
9     (30 ILCS 805/8.33 new)
10     Sec. 8.33. Exempt mandate. Notwithstanding Sections 6 and 8
11 of this Act, no reimbursement by the State is required for the
12 implementation of any mandate created by this amendatory Act of
13 the 96th General Assembly.
 
14     Section 99. Effective date. This Act takes effect upon
15 becoming law.