State of Illinois
91st General Assembly

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 1        AN  ACT  to  amend  the  Illinois  Pension Code by adding
 2    Section 22-905.

 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    adding Section 22-905 as follows:

 7        (40 ILCS 5/22-905 new)
 8        Sec. 22-905.  Task Force on Pension Portability.
 9        (a)  There is hereby created  a  Task  Force  on  Pension
10    Portability.   The Task Force shall consist of 17 members, as
11    follows:
12             (1)  Eight members of the General Assembly,  2  each
13        appointed  by  the  President  of  the Senate, the Senate
14        Minority Leader, the Speaker of the House, and the  House
15        Minority Leader.
16             (2)  Five  public members appointed by the Governor,
17        one of whom shall be designated by the Governor to act as
18        chairperson of the Task Force.
19             (3)  Two members appointed by the Commission on  the
20        Status of Women.
21             (4)  The  Executive  Director  of  the  Pension Laws
22        Commission, or his or her designee.
23             (5)  A representative of the Public Pension Division
24        of  the  Department  of  Insurance,  designated  by   the
25        Director of Insurance.
26        (b)  The  members  of  the Task Force shall serve without
27    compensation  but  may  be  reimbursed  for  their  necessary
28    expenses out of any funds available for that purpose.
29        (c)  The  Task  Force  shall  examine  and  consider  the
30    advisability of changing the law governing the portability of
31    public employee  pension  benefits.   The  Task  Force  shall
                            -2-                LRB9103351EGfg
 1    report  its  findings and recommendations to the Governor and
 2    the General Assembly by March 1, 2000.
 3        (d)  The Pension Laws Commission and the  Public  Pension
 4    Division  of  the  Department  of Insurance shall provide any
 5    technical or clerical support required by the Task Force.
 6        The Illinois State Board of Investment  and  all  pension
 7    funds  and  retirement  systems  subject  to  this Code shall
 8    cooperate with the Task Force and shall upon request  provide
 9    the Task Force with any information or assistance that it may
10    find necessary or useful for the performance of its duties.

11        Section  99.  Effective date.  This Act takes effect upon
12    becoming law.

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