HB4412eng 100TH GENERAL ASSEMBLY

HB4412 Engrossed LRB100 15616 RPS 30711 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 changing Section 15-169 as follows:

(40 ILCS 5/15-169) (from Ch. 108 1/2, par. 15-169)

Sec. 15-169. To elect officers and appoint employees.

(a) To elect officers; to appoint a secretary and treasurer; to have a seal; to employ and fix the rate of pay of such actuarial, legal, clerical, audit, medical, or other services, or corporate trustee organized under the laws of this State with a capital of not less than $1,000,000, or investment counsel and other persons as shall be required for the efficient administration of the system. All actions brought by or against the board shall be prosecuted or defended by the Attorney General. If the board pursues a mandamus action under Section 15-156 of this Code as amended by Senate Bill No. 1 of the 98th General Assembly in the form passed by the General Assembly, then the board may select the counsel of their choice.

(b) The Board shall make its best efforts to ensure that the racial and ethnic makeup of the System's senior administrative staff represents the racial and ethnic makeup of the System's membership.

As used in this subsection, "senior administrative staff" includes, but is not limited to, the Executive Director, the Chief Investment Officer, the General Counsel and Freedom of Information Officer, the Chief Financial Officer, the Director of Member Services, the Director of Outreach, the Director of Human Resources, the Director of Internal Audit, the Director of Operations, and the Director of Application Development and Research.

(Source: P.A. 98-92, eff. 7-16-13; 98-598, eff. 12-5-13.)

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