PEN CD-ELECTED TRUSTEES
Synopsis of Bill as introduced:
Amends the Illinois Pension Code. Specifies the means of
electing trustees of the Illinois Municipal Retirement Fund (IMRF),
Chicago Municipal Employee, and Cook County pension funds and the
State Universities Retirement System; also grants access to mailing
lists of participants to candidates for the office of trustee and to
employee and labor organizations for election purposes. Amends the
State Universities Article of the Pension Code to replace 6 appointed
members of the Board with elected members; reconstitutes the Board on
July 1, 1999. Amends the State Employee Article of the Pension Code
to replace 2 appointed members of the Board with elected members.
Amends the IMRF Article of the Pension Code to add a second annuitant
member to the Board and gives both annuitant trustees the right to
vote on Board business. Amends the State Board of Investment Article
of the Pension Code to require one of the appointed members of the
Board to be a labor union representative.
Does direct fiscal impact on the affected retirement systems
and pension funds.
Last action on Bill: SESSION SINE DIE
Last action date: 99-01-12
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status