SB1974 96TH GENERAL ASSEMBLY

LRB096 09271 AMC 19425 b

96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
SB1974

Introduced 2/20/2009, by Sen. Don Harmon

SYNOPSIS AS INTRODUCED:

40 ILCS 5/1-109.3 new
30 ILCS 805/8.33 new

Amends the Illinois Pension Code. Requires all elected and appointed trustees of downstate police and fire pension funds to participate in a mandatory trustee certification training seminar that must consist of at least 32 hours of initial trustee certification at a training facility that is accredited and affiliated with a State of Illinois certified college or university. Provides guidelines for the training. Provides that, in addition to the initial trustee certification training, those elected and appointed trustees shall also participate in a minimum of 16 hours of continuing trustee education each year thereafter. Requires the employer to pay for the training. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

FISCAL NOTE ACT MAY APPLY

PENSION IMPACT NOTE ACT MAY APPLY

STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT

A BILL FOR

AN ACT concerning public employee benefits.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Pension Code is amended by adding Section 1-109.3 as follows:

(40 ILCS 5/1-109.3 new)

Sec. 1-109.3. Training requirement for pension trustees.

(a) All elected and appointed trustees appointed under Article 3 and 4 of this Code must participate in a mandatory trustee certification training seminar that must consist of at least 32 hours of initial trustee certification at a training facility that is accredited and affiliated with a State of Illinois certified college or university. This training must include without limitation all of the following:

(1) Duties and liabilities of a fiduciary under Article 1 of the Illinois Pension Code.

(2) Adjudication of pension claims.

(3) Basic accounting and actuarial training.

(4) Trustee ethics.

(5) The Illinois Open Meetings Act.

(6) The Illinois Freedom of Information Act.

The elected and appointed trustees of an Article 3 or 4 pension fund shall be permitted time off to attend such training without reduction of accrued leave or benefit time. Active or appointed trustees who have attended such certified training before the effective date of this amendatory Act of the 96th General Assembly shall not be required to attend new training.

(b) In addition to the initial trustee certification training required under subsection (a), all elected and appointed trustees appointed under Article 3 and 4 of this Code shall also participate in a minimum of 16 hours of continuing trustee education each year thereafter.

(c) The training required under this Section shall be paid for by the trustee's employer.

Section 90. The State Mandates Act is amended by adding Section 8.33 as follows:

(30 ILCS 805/8.33 new)

Sec. 8.33. Exempt mandate. Notwithstanding Sections 6 and 8 of this Act, no reimbursement by the State is required for the implementation of any mandate created by this amendatory Act of the 96th General Assembly.

Section 99. Effective date. This Act takes effect upon becoming law.