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90_HB2911 40 ILCS 5/3-128 from Ch. 108 1/2, par. 3-128 Amends the Downstate Police Article of the Pension Code to add 2 additional members to the board of trustees, to be appointed by the mayor of the municipality. Effective immediately. LRB9009076EGfg LRB9009076EGfg 1 AN ACT to amend the Illinois Pension Code by changing 2 Section 3-128. 3 Be it enacted by the People of the State of Illinois, 4 represented in the General Assembly: 5 Section 5. The Illinois Pension Code is amended by 6 changing Section 3-128 as follows: 7 (40 ILCS 5/3-128) (from Ch. 108 1/2, par. 3-128) 8 Sec. 3-128. Board created. A board of 7
of 5members 9 shall constitute a board of trustees to administer the 10 pension fund and to designate the beneficiaries thereof. The 11 board shall be known as the "Board of Trustees of the Police 12 Pension Fund" of the municipality. 13 Four Twomembers of the board shall be appointed by the 14 mayor or president of the board of trustees of the 15 municipality involved. Two The 3rd and 4thmembers of the 16 board shall be elected from the active participants of the 17 pension fund by the suchactive participants. One The 5th18 member of the board shall be elected by and from the 19 beneficiaries. 20 One of the members appointed by the mayor or president of 21 the board of trustees shall serve for one year beginning on 22 the 2nd Tuesday in May after the municipality comes under 23 this Article. The other appointed member shall serve for 2 24 years beginning on the same date. Of the persons first 25 appointed to the 2 additional trustee positions created by 26 this amendatory Act of 1998, one shall serve for a term of 27 one year and one shall serve for a term of 2 years, both 28 beginning on the second Tuesday in May of the year after the 29 year in which this amendatory Act of 1998 takes effect (or in 30 which the municipality comes under this Article, if later). 31 Their successors shall serve for 2 years each or until their -2- LRB9009076EGfg 1 successors are appointed and qualified. 2 The election for board members shall be held biennially 3 on the 3rd Monday in April, at such place or places in the 4 municipality and under the Australian ballot system and such 5 other regulations as shall be prescribed by the appointed 6 members of the board. 7 The active pension fund participants shall be entitled to 8 vote only for the active participant members of the board. 9 All beneficiaries of legal age may vote only for the member 10 chosen from among the beneficiaries. No person shall be 11 entitled to cast more than one ballot at such election. The 12 term of elected members shall be 2 years, beginning on the 13 2nd Tuesday of the first May after the election. 14 Upon the death, resignation or inability to act of any 15 elected board member, his or her successor shall be elected 16 for the unexpired term at a special election, to be called by 17 the board and conducted in the same manner as the regular 18 biennial election. 19 Members of the board shall neither receive nor have any 20 right to receive any salary from the pension fund for 21 services performed as trustees in that office. 22 (Source: P.A. 83-1440.) 23 Section 99. Effective date. This Act takes effect upon 24 becoming law.
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