State of Illinois
92nd General Assembly
Legislation

   [ Search ]   [ PDF text ]   [ Legislation ]   
[ Home ]   [ Back ]   [ Bottom ]



92_SB1594

 
                                               LRB9213989EGfg

 1        AN ACT in relation to 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
 5    changing Section 5-178 as follows:

 6        (40 ILCS 5/5-178) (from Ch. 108 1/2, par. 5-178)
 7        Sec. 5-178. Board created.  A board of  8  members  shall
 8    constitute  a  board of trustees authorized to administer the
 9    provisions of this Article.  The board shall be known as  the
10    Retirement  Board of the Policemen's Annuity and Benefit Fund
11    of the city.
12        The board shall consist of 4  persons  appointed  by  the
13    mayor of the city; 3 policemen employed by the city, at least
14    one  of  whom  shall be a lieutenant or of a rank superior to
15    lieutenant, one of whom shall be of the rank of sergeant, and
16    one of whom shall be of the rank of investigator  or  a  rank
17    inferior  to  that  rank; and one annuitant of the fund, or a
18    pensioner of any prior police pension fund in  operation,  by
19    authority  of  law,  in  the city.  Children less than age 18
20    shall not be eligible for  board  membership.   The  term  of
21    office  for  all  members  shall  be 3 years; except that the
22    member who is of the rank of lieutenant or a rank superior to
23    that rank who is next elected after  the  effective  date  of
24    this  amendatory  Act  of  the 92nd General Assembly shall be
25    elected for a term of one year, and the member who is of  the
26    rank of sergeant who is next elected after the effective date
27    of  this amendatory Act of the 92nd General Assembly shall be
28    elected for a term of 2 years.  Upon his election, the member
29    holding the rank of investigator or a rank inferior  to  that
30    rank  shall  be  detailed by the Police Superintendent to the
31    office of the board for the duration of his term as trustee.
 
                            -2-                LRB9213989EGfg
 1        The members of a retirement board  holding  office  in  a
 2    city  at  the  time this Article becomes effective, including
 3    elected, appointed and ex-officio members, shall continue  in
 4    office  until  the  expiration  of  their respective terms or
 5    appointment and until their respective successors are elected
 6    or appointed, and qualified.
 7        At least 30 days prior to the expiration of the  term  of
 8    office  of  each  appointive member the mayor shall appoint a
 9    successor for a term of 3 years.
10        The board shall conduct a regular election  at  least  30
11    days  prior  to  the  expiration  of  the terms of the active
12    policemen members and annuitant or  beneficiary  members  for
13    election  of  a successor of each such member for a term of 3
14    years.
15        Any member of the board so  appointed  or  elected  shall
16    continue  in  office  until his successor 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 the
20    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.

[ Top ]