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90_HB2911
40 ILCS 5/3-128 from Ch. 108 1/2, par. 3-128
Amends the Downstate Police Article of the Pension Code
to add 2 additional members to the board of trustees, to be
appointed by the mayor of the municipality. Effective
immediately.
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1 AN ACT to amend the Illinois Pension Code by changing
2 Section 3-128.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Pension Code is amended by
6 changing Section 3-128 as follows:
7 (40 ILCS 5/3-128) (from Ch. 108 1/2, par. 3-128)
8 Sec. 3-128. Board created. A board of 7 of 5 members
9 shall constitute a board of trustees to administer the
10 pension fund and to designate the beneficiaries thereof. The
11 board shall be known as the "Board of Trustees of the Police
12 Pension Fund" of the municipality.
13 Four Two members of the board shall be appointed by the
14 mayor or president of the board of trustees of the
15 municipality involved. Two The 3rd and 4th members of the
16 board shall be elected from the active participants of the
17 pension fund by the such active participants. One The 5th
18 member of the board shall be elected by and from the
19 beneficiaries.
20 One of the members appointed by the mayor or president of
21 the board of trustees shall serve for one year beginning on
22 the 2nd Tuesday in May after the municipality comes under
23 this Article. The other appointed member shall serve for 2
24 years beginning on the same date. Of the persons first
25 appointed to the 2 additional trustee positions created by
26 this amendatory Act of 1998, one shall serve for a term of
27 one year and one shall serve for a term of 2 years, both
28 beginning on the second Tuesday in May of the year after the
29 year in which this amendatory Act of 1998 takes effect (or in
30 which the municipality comes under this Article, if later).
31 Their successors shall serve for 2 years each or until their
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1 successors are appointed and qualified.
2 The election for board members shall be held biennially
3 on the 3rd Monday in April, at such place or places in the
4 municipality and under the Australian ballot system and such
5 other regulations as shall be prescribed by the appointed
6 members of the board.
7 The active pension fund participants shall be entitled to
8 vote only for the active participant members of the board.
9 All beneficiaries of legal age may vote only for the member
10 chosen from among the beneficiaries. No person shall be
11 entitled to cast more than one ballot at such election. The
12 term of elected members shall be 2 years, beginning on the
13 2nd Tuesday of the first May after the election.
14 Upon the death, resignation or inability to act of any
15 elected board member, his or her successor shall be elected
16 for the unexpired term at a special election, to be called by
17 the board and conducted in the same manner as the regular
18 biennial election.
19 Members of the board shall neither receive nor have any
20 right to receive any salary from the pension fund for
21 services performed as trustees in that office.
22 (Source: P.A. 83-1440.)
23 Section 99. Effective date. This Act takes effect upon
24 becoming law.