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91_SB1461 LRB9110683EGfg 1 AN ACT to amend the Illinois Pension Code by changing 2 Section 5-178. 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 5-178 as follows: 7 (40 ILCS 5/5-178) (from Ch. 108 1/2, par. 5-178) 8 Sec. 5-178. Board created. A board of 10 members
89 membersshall constitute a board of trustees authorized to 10 administer the provisions of this Article. The board shall 11 be known as the Retirement Board of the Policemen's Annuity 12 and Benefit Fund of the city. 13 The board shall consist of the city clerk, ex officio; 4 14 persons appointed by the mayor of the city; 4 policemen 315 policemenemployed by the city, at leastone of whom shall be 16 a lieutenant or of a rank superior to lieutenant, one of whom 17 shall be of the rank of sergeant, and 2 of one ofwhom shall 18 be of the rank of investigator or a rank inferior to that 19 rank; and one annuitant of the fund, or a pensioner of any 20 prior police pension fund in operation, by authority of law, 21 in the city. Children less than age 18 shall not be eligible 22 for board membership. The term of office for all members 23 other than the city clerk shall be 3 years. Upon his24 election, any themember holding the rank of investigator or 25 a rank inferior to that rank shall be detailed by the Police 26 Superintendent to the office of the board for the duration of 27 his or her term as trustee. 28 The members of a retirement board holding office in a29 city at the time this Article becomes effective, including30 elected, appointed and ex-officio members, shall continue in31 office until the expiration of their respective terms or-2- LRB9110683EGfg 1 appointment and until their respective successors are elected2 or appointed, and qualified.3 At least 30 days prior to the expiration of the term of 4 office of each appointive member the mayor shall appoint a 5 successor for a term of 3 years. 6 The board shall conduct a regular election at least 30 7 days prior to the expiration of the term of each elected 8 member, to elect that member's successor terms of the active9 policemen members and annuitant or beneficiary members for10 election of a successor of each such member for a term of 311 years. The additional active policeman member created by 12 this amendatory Act of the 91st General Assembly shall first 13 be elected as provided in Section 5-180 for the filling of 14 vacancies. 15 Any member of the board so appointed or elected shall 16 continue in office until a hissuccessor is selected and has 17 qualified. 18 Any person so appointed or elected shall qualify by 19 taking an oath of office. A copy thereof shall be kept in 20 the office of the city clerk of the city. 21 (Source: P.A. 86-273.) 22 Section 99. Effective date. This Act takes effect upon 23 becoming law.
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