Illinois General Assembly - Full Text of HB7357

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Full Text of HB7357 93rd General Assembly

Introduced
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HB7357 93RD GENERAL ASSEMBLY

93RD GENERAL ASSEMBLY State of Illinois 2003 and 2004
HB7357

Introduced 11/17/04, by Rep. Mike Boland

SYNOPSIS AS INTRODUCED:

40 ILCS 5/1-123 new

    Amends the General Provisions Article of the Illinois Pension Code. Provides for the creation of a policy commission to establish a uniform policy for the resolution of contested board elections, which shall be adopted by the boards of trustees of the 5 State-funded retirement systems. Effective immediately.

LRB093 24071 LRD 54230 b

FISCAL NOTE ACT MAY APPLY PENSION IMPACT NOTE ACT MAY APPLY

A BILL FOR

HB7357 LRB093 24071 LRD 54230 b

1     AN ACT concerning public employee benefits.

2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:

4     Section 5. The Illinois Pension Code is amended by adding
5 Section 1-123 as follows:

6     (40 ILCS 5/1-123 new)
7     Sec. 1-123. Pension Election Policy Commission.
8     (a) There is hereby created the Pension Election Policy
9 Commission, which shall consist of the following members:
10         (1) Two members appointed by the Speaker of the House
11     of Representatives;
12         (2) Two members appointed by the Minority Leader of the
13     House of Representatives;
14         (3) Two members appointed by the President of the
15     Senate;
16         (4) Two members appointed by the Minority Leader of the
17     Senate;
18         (5) Two members appointed by the Governor;
19         (6) Two members appointed by the Lieutenant Governor;
20         (7) Two members appointed by the Treasurer; and
21         (8) Two members appointed by the Comptroller.
22     (b) On or before January 1, 2006, the Commission shall
23 establish a uniform policy for the resolution of contested
24 board elections, as well as a consistent policy for voting on
25 shareholder resolutions, which shall be adopted by the
26 following boards of trustees:
27         (1) The Board of Trustees of the General Assembly
28     Retirement System;
29         (2) The Board of Trustees of the State Employees'
30     Retirement System of Illinois;
31         (3) The Board of Trustees of the State Universities
32     Retirement System;

HB7357 - 2 - LRB093 24071 LRD 54230 b

1         (4) The Board of Trustees of the Teachers' Retirement
2     System of the State of Illinois; and
3         (5) The Board of Trustees of the Judges Retirement
4     System of Illinois.

5     Section 99. Effective date. This Act takes effect upon
6 becoming law.

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