|HB3004 Enrolled||LRB102 14774 RPS 20127 b|
AN ACT concerning public employee benefits.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
The Illinois Pension Code is amended by adding
Section 1-109.5 as follows:
(40 ILCS 5/1-109.5 new)
Prohibition on employment for board members.
Except as otherwise provided in this Section and in accordance
with Section 5-45 of the State Officials and Employees Ethics
Act, no individual who is a board member of a pension fund,
investment board, or retirement system may be employed by that
pension fund, investment board, or retirement system at any
time during his or her service and for a period of 12 months
after he or she ceases to be a board member.
If a senior administrative staff position becomes vacant
and no executive member of the staff is willing to accept the
position, an individual serving as a board member may
temporarily serve as an interim member of the senior
administrative staff of the fund under the following
(1) the senior administrative staff position is vacant
and the board is conducting and documenting a public
search for a new permanent replacement who is not a member