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Sen. Kyle McCarter
Filed: 5/7/2009
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| AMENDMENT TO SENATE BILL 2173
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| AMENDMENT NO. ______. Amend Senate Bill 2173 by replacing |
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| everything after the enacting clause with the following:
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| "Section 5. The Illinois Pension Code is amended by |
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| changing Sections 16-163 and 16-164 as follows:
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| (40 ILCS 5/16-163) (from Ch. 108 1/2, par. 16-163) |
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| Sec. 16-163. Board created. A board of 11 13 members |
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| constitutes the
board of trustees authorized to carry out the |
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| provisions of this Article and is
responsible for the general |
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| administration of the System. The board shall
be known as the |
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| Board of Trustees of the Teachers' Retirement System
of the |
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| State of Illinois. The board shall be composed of the
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| Superintendent of Education, ex officio, who shall be the |
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| president of the
board; 4 6 persons, not members of the System, |
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| to be appointed by the Governor,
who shall hold no elected |
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| State office; 4 persons who, at the time of their
election, are
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| teachers as defined in Section 16-106, elected by the
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| contributing members; and 2 annuitant members elected by the |
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| annuitants of the
System, as provided in Section 16-165.
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| (Source: P.A. 96-6, eff. 4-3-09.)
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| (40 ILCS 5/16-164) (from Ch. 108 1/2, par. 16-164)
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| Sec. 16-164. Board - appointed members - vacancies. Terms |
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| of office for
the appointed members shall begin on July 15 of |
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| an even-numbered year, except that the terms of office for |
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| members appointed pursuant to this amendatory Act of the 96th |
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| General Assembly shall begin upon being confirmed by the |
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| Senate.
The Governor shall appoint 2 3 members as trustees with |
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| the advice and consent of the Senate in each even-numbered year
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| who shall hold office for a term of 4 years, except that, of |
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| the members appointed pursuant to this amendatory Act of the |
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| 96th General Assembly, 2 3 members shall be appointed for a |
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| term ending July 14, 2012 and 2 3 members shall be appointed |
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| for a term ending July 14, 2014. Each such appointee shall |
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| reside in and be
a taxpayer in the territory covered by this |
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| system, shall be interested
in public school welfare, and |
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| experienced and competent in financial and
business |
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| management. A vacancy in the term of an appointed
trustee shall |
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| be filled for the unexpired term by appointment of the
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| Governor.
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| Notwithstanding any provision of this Section to the |
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| contrary, the term of office of each member of the Board |
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| appointed by the Governor who is sitting on the Board on the |
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| effective date of this amendatory Act of the 96th General |
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| Assembly is terminated on that effective date. A trustee |
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| sitting on the Board on the effective date of this amendatory |
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| Act of the 96th General Assembly may not hold over in office |
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| for more than 60 days after the effective date of this |
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| amendatory Act of the 96th General Assembly. Nothing in this |
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| Section shall prevent the Governor from making a temporary |
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| appointment or nominating a trustee holding office on the day |
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| before the effective date of this amendatory Act of the 96th |
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| General Assembly. |
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| (Source: P.A. 96-6, eff. 4-3-09.)".
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