Full Text of HB5552 100th General Assembly
HB5552 100TH GENERAL ASSEMBLY |
| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018 HB5552 Introduced , by Rep. Sue Scherer SYNOPSIS AS INTRODUCED: |
| 40 ILCS 5/16-163 | from Ch. 108 1/2, par. 16-163 |
40 ILCS 5/16-164 | from Ch. 108 1/2, par. 16-164 |
|
Amends the Downstate Teacher Article of the Illinois Pension Code. Reduces the composition of the Board to 11 members (instead of 13 members) by removing 2 of the members of the Board appointed by the Governor. Provides that the 2 members whose office is being abolished pursuant to the amendatory Act shall be from the members whose terms of office expire on July 14, 2018. Effective immediately.
|
| |
| | FISCAL NOTE ACT MAY APPLY | | PENSION IMPACT NOTE ACT MAY APPLY |
| | A BILL FOR |
|
| | | HB5552 | | LRB100 19936 RPS 35216 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 changing | 5 | | Sections 16-163 and 16-164 as follows: | 6 | | (40 ILCS 5/16-163) (from Ch. 108 1/2, par. 16-163) | 7 | | Sec. 16-163. Board created. A board of 11 13 members | 8 | | constitutes the
board of trustees authorized to carry out the | 9 | | provisions of this Article and is
responsible for the general | 10 | | administration of the System. The board shall
be known as the | 11 | | Board of Trustees of the Teachers' Retirement System
of the | 12 | | State of Illinois. The board shall be composed of the
| 13 | | Superintendent of Education, ex officio, who shall be the | 14 | | president of the
board; 4 6 persons, not members of the System, | 15 | | to be appointed by the Governor,
who shall hold no elected | 16 | | State office; 4 persons who, at the time of their
election, are
| 17 | | teachers as defined in Section 16-106, elected by the
| 18 | | contributing members; and 2 annuitant members elected by the | 19 | | annuitants of the
System, as provided in Section 16-165.
| 20 | | (Source: P.A. 96-6, eff. 4-3-09.)
| 21 | | (40 ILCS 5/16-164) (from Ch. 108 1/2, par. 16-164)
| 22 | | Sec. 16-164. Board - appointed members - vacancies. Terms |
| | | HB5552 | - 2 - | LRB100 19936 RPS 35216 b |
|
| 1 | | of office for
the appointed members shall begin on July 15 of | 2 | | an even-numbered year, except that the terms of office for | 3 | | members appointed pursuant to this amendatory Act of the 96th | 4 | | General Assembly shall begin upon being confirmed by the | 5 | | Senate.
The Governor shall appoint 2 3 members as trustees with | 6 | | the advice and consent of the Senate in each even-numbered year
| 7 | | who shall hold office for a term of 4 years, except that, of | 8 | | the members appointed pursuant to this amendatory Act of the | 9 | | 96th General Assembly, 3 members shall be appointed for a term | 10 | | ending July 14, 2012 and 3 members shall be appointed for a | 11 | | term ending July 14, 2014. Each such appointee shall reside in | 12 | | and be
a taxpayer in the territory covered by this system, | 13 | | shall be interested
in public school welfare, and experienced | 14 | | and competent in financial and
business management. A vacancy | 15 | | in the term of an appointed
trustee shall be filled for the | 16 | | unexpired term by appointment of the
Governor.
| 17 | | The 2 members whose office is abolished pursuant to this | 18 | | amendatory Act of the 100th General Assembly shall be from the | 19 | | members whose terms of office expire on July 14, 2018. | 20 | | Notwithstanding any provision of this Section to the | 21 | | contrary, the term of office of each member of the Board | 22 | | appointed by the Governor who is sitting on the Board on the | 23 | | effective date of this amendatory Act of the 96th General | 24 | | Assembly is terminated on that effective date. A trustee | 25 | | sitting on the Board on the effective date of this amendatory | 26 | | Act of the 96th General Assembly may not hold over in office |
| | | HB5552 | - 3 - | LRB100 19936 RPS 35216 b |
|
| 1 | | for more than 60 days after the effective date of this | 2 | | amendatory Act of the 96th General Assembly. Nothing in this | 3 | | Section shall prevent the Governor from making a temporary | 4 | | appointment or nominating a trustee holding office on the day | 5 | | before the effective date of this amendatory Act of the 96th | 6 | | General Assembly. | 7 | | (Source: P.A. 96-6, eff. 4-3-09.)
| 8 | | Section 99. Effective date. This Act takes effect upon | 9 | | becoming law.
|
|