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| 1 | AN ACT concerning public employee benefits.
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| 2 | Be it enacted by the People of the State of Illinois,
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| 3 | represented in the General Assembly:
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| 4 | Section 5. The Illinois Pension Code is amended by changing | ||||||
| 5 | Sections 13-701 and 13-702 as follows:
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| 6 | (40 ILCS 5/13-701) (from Ch. 108 1/2, par. 13-701)
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| 7 | Sec. 13-701. Board created. A board of 7 5 members shall | ||||||
| 8 | constitute the
Board of Trustees authorized to carry out the | ||||||
| 9 | provisions of this Article.
The board shall be known as the | ||||||
| 10 | Retirement Board of the Metropolitan Water
Reclamation | ||||||
| 11 | District Pension Fund.
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| 12 | The board shall consist of 3 2 members appointed by the | ||||||
| 13 | Board of
Commissioners of the Water Reclamation District, one | ||||||
| 14 | of which must be a retiree participating in the Fund, and 4 3 | ||||||
| 15 | elected employee members. The appointed retiree to the Board | ||||||
| 16 | must be recommended by the Board of Commissioners of the | ||||||
| 17 | Metropolitan Water Reclamation District and approved by the | ||||||
| 18 | Board of Trustees prior to serving his or her term.
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| 19 | Each appointed member shall be appointed for a term of 2 | ||||||
| 20 | years in the
month of January prior to the expiration of the | ||||||
| 21 | term of office of the
appointed member whose term next expires.
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| 22 | Members of the Board shall hold office until the expiration | ||||||
| 23 | of their
respective terms and until their respective successors | ||||||
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| 1 | are appointed or
elected and have qualified. This amendatory | ||||||
| 2 | Act of the 95th General Assembly 1991 shall not affect
the | ||||||
| 3 | terms of the Board members holding office on its effective | ||||||
| 4 | date. The new employee member authorized by this amendatory Act | ||||||
| 5 | of the 95th General Assembly shall begin his or her term | ||||||
| 6 | following a special election no later than 90 days after the | ||||||
| 7 | effective date of this amendatory Act and serve an initial term | ||||||
| 8 | that expires on November 30, 2011. The appointed retiree member | ||||||
| 9 | authorized by this amendatory Act of the 95th General Assembly | ||||||
| 10 | shall be appointed no later than 90 days after the effective | ||||||
| 11 | date of this amendatory Act and serve an initial term that | ||||||
| 12 | expires on January 31, 2011.
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| 13 | Any person elected or appointed as a member of the Board | ||||||
| 14 | shall qualify by
taking an oath of office to be administered by | ||||||
| 15 | any officer authorized to
administer oaths or any sitting | ||||||
| 16 | member of the Board. A copy thereof shall
be filed with the | ||||||
| 17 | clerk of the Water Reclamation District and with the
Executive | ||||||
| 18 | Director of the Fund.
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| 19 | (Source: P.A. 87-794.)
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| 20 | (40 ILCS 5/13-702) (from Ch. 108 1/2, par. 13-702)
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| 21 | Sec. 13-702. Board elections. Beginning on the effective | ||||||
| 22 | date of this amendatory Act of the 95th General Assembly, in In | ||||||
| 23 | each year, the Board shall conduct a
regular election, under | ||||||
| 24 | rules adopted by it, at least 30 days prior to the
expiration | ||||||
| 25 | of the term of the employee member whose term next expires, for
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| 1 | the election of a successor for a term of 4 3 years. Any | ||||||
| 2 | employee at the
time the election is held shall have a right to | ||||||
| 3 | vote. The election
shall be conducted by secret ballot.
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| 4 | (Source: P.A. 87-794.)
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| 5 | Section 99. Effective date. This Act takes effect upon | ||||||
| 6 | becoming law.
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