90th General Assembly
Summary of HB0846
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House Sponsors:
MCGUIRE-WOOLARD.

Short description: 
PEN CD-ELECTED TRUSTEES                                                    

Synopsis of Bill as introduced:
        Amends  the  Illinois  Pension  Code.   Specifies  the  means  of      
   electing trustees of the Illinois Municipal  Retirement  Fund  (IMRF),      
   Chicago  Municipal  Employee,  and  Cook  County pension funds and the      
   State Universities Retirement System; also grants  access  to  mailing      
   lists  of  participants to candidates for the office of trustee and to      
   employee and labor organizations for election  purposes.   Amends  the      
   State  Universities Article of the Pension Code to replace 6 appointed      
   members of the Board with elected members; reconstitutes the Board  on      
   July  1,  1999.  Amends the State Employee Article of the Pension Code      
   to replace 2 appointed members of  the  Board  with  elected  members.      
   Amends  the IMRF Article of the Pension Code to add a second annuitant      
   member to the Board and gives both annuitant  trustees  the  right  to      
   vote  on Board business.  Amends the State Board of Investment Article      
   of the Pension Code to require one of the  appointed  members  of  the      
   Board to be a labor union representative.                                   
          PENSION NOTE                                                         
          Does direct fiscal impact on the affected retirement systems         
          and pension funds.                                                   
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



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