Full Text of HB4412 100th General Assembly
HB4412eng 100TH GENERAL ASSEMBLY |
| | HB4412 Engrossed | | LRB100 15616 RPS 30711 b |
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| 1 | | AN ACT concerning 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 changing | 5 | | Section 15-169 as follows:
| 6 | | (40 ILCS 5/15-169) (from Ch. 108 1/2, par. 15-169)
| 7 | | Sec. 15-169. To elect officers and appoint employees. | 8 | | (a) To elect officers; to appoint a secretary and | 9 | | treasurer; to have a seal;
to employ and fix the rate of pay of | 10 | | such actuarial, legal, clerical, audit, medical, or other | 11 | | services, or corporate trustee
organized under the laws of this | 12 | | State with a capital of not less than
$1,000,000, or investment | 13 | | counsel and other persons as shall be required
for the | 14 | | efficient administration of the system.
All actions brought by | 15 | | or against the board shall be prosecuted or
defended by the | 16 | | Attorney General. If the board pursues a mandamus action under | 17 | | Section 15-156 of this Code as amended by Senate Bill No. 1 of | 18 | | the 98th General Assembly in the form passed by the General | 19 | | Assembly, then the board may select the counsel of their | 20 | | choice.
| 21 | | (b) The Board shall make its best efforts to ensure that | 22 | | the racial and ethnic makeup of the System's senior | 23 | | administrative staff represents the racial and ethnic makeup of |
| | | HB4412 Engrossed | - 2 - | LRB100 15616 RPS 30711 b |
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| 1 | | the System's membership. | 2 | | As used in this subsection, "senior administrative staff" | 3 | | includes, but is not limited to, the Executive Director, the | 4 | | Chief Investment Officer, the General Counsel and Freedom of | 5 | | Information Officer, the Chief Financial Officer, the Director | 6 | | of Member Services, the Director of Outreach, the Director of | 7 | | Human Resources, the Director of Internal Audit, the Director | 8 | | of Operations, and the Director of Application Development and | 9 | | Research. | 10 | | (Source: P.A. 98-92, eff. 7-16-13; 98-598, eff. 12-5-13.)
| 11 | | Section 99. Effective date. This Act takes effect upon | 12 | | becoming law.
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