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Public Act 102-0603


 

Public Act 0603 102ND GENERAL ASSEMBLY

  
  
  

 


 
Public Act 102-0603
 
HB3004 EnrolledLRB102 14774 RPS 20127 b

    AN ACT concerning public employee benefits.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The Illinois Pension Code is amended by adding
Section 1-109.5 as follows:
 
    (40 ILCS 5/1-109.5 new)
    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;
        (2) a majority of the board of trustees of the fund
    votes to designate a specific board member to serve in the
    senior administrative staff position;
        (3) the board-designated interim member of the senior
    administrative staff does not receive any salary or
    benefits associated with the position;
        (4) the board-designated interim member of the senior
    administrative staff serves for a period of not more than
    6 months; and
        (5) the trustee vacates his or her position as a
    trustee while serving as an interim member of the senior
    administrative staff.

Effective Date: 1/1/2022