Illinois General Assembly - Full Text of HB3004
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Full Text of HB3004  102nd General Assembly

HB3004eng 102ND GENERAL ASSEMBLY

  
  
  

 


 
HB3004 EngrossedLRB102 14774 RPS 20127 b

1    AN ACT concerning public employee benefits.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
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 former board
8members. No individual who is a board member of a pension fund,
9investment board, or retirement system may be employed by that
10pension fund, investment board, or retirement system or by any
11vendor of that pension fund, investment board, or retirement
12system for a period of 12 months after he or she ceases to be a
13board member.