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(40 ILCS 5/1-109.5) Sec. 1-109.5. 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 conditions: (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 of the board of trustees of the fund;
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(2) a majority of the board of trustees of the fund
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| votes to designate a specific board member to serve in the senior administrative staff position;
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(3) the board-designated interim member of the senior
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| administrative staff does not receive any salary or benefits associated with the position;
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(4) the board-designated interim member of the senior
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| administrative staff serves for a period of not more than 6 months; and
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(5) the trustee vacates his or her position as a
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| trustee while serving as an interim member of the senior administrative staff.
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(Source: P.A. 102-603, eff. 1-1-22.)
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