HB4661 EngrossedLRB100 16897 RPS 32038 b


  
1    AN ACT concerning public employee benefits.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 5. The Illinois Pension Code is amended  by changing 
5Section 1-113.18 as follows:
 
6    (40 ILCS 5/1-113.18)

7    Sec. 1-113.18. Ethics training. All board members of a 
8retirement system, pension fund, or investment board created 
9under this Code must attend ethics training of at least 8 hours 
10per year. The training required under this Section shall 
11include training on ethics, fiduciary duty, and investment 
12issues and any other curriculum that the board of the 
13retirement system, pension fund, or investment board 
14establishes as being important for the administration of the 
15retirement system, pension fund, or investment board. The 
16Supreme Court of Illinois shall be responsible for ethics 
17training and curriculum for judges designated by the Court to 
18serve as members of a retirement system, pension fund, or 
19investment board.


Each board shall annually certify its 
20members' compliance with this Section and submit an annual 
21certification to the Division of Insurance of the Department of 
22Financial and Professional Regulation. Judges shall annually 
23certify compliance with the ethics training requirement and 
 
 
HB4661 Engrossed- 2 -LRB100 16897 RPS 32038 b

1shall submit an annual certification to the Chief Justice of 
2the Supreme Court of Illinois. For an elected or appointed 
3trustee under Article 3 or 4 of this Code, fulfillment of the 
4requirements of Section 1-109.3 satisfies the requirements of 
5this Section. 

6(Source: P.A. 96-6, eff. 4-3-09.)
 
 
7    Section 99. Effective date. This Act takes effect upon 
8becoming law.