State of Illinois
91st General Assembly

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 1        AN ACT to amend the Illinois Pension Code.

 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 of the
22    members elected in 2002, the member who is  of  the  rank  of
23    lieutenant  or  a rank superior to that rank shall be elected
24    for a term of one year, and the member who is of the rank  of
25    sergeant  shall  be  elected for a term of 2 years.  Upon his
26    election, the member holding the rank of  investigator  or  a
27    rank  inferior  to  that rank shall be detailed by the Police
28    Superintendent to the office of the board for the duration of
29    his term as trustee.
30        The members of a retirement board  holding  office  in  a
31    city  at  the  time this Article becomes effective, including
                            -2-                LRB9112227EGfg
 1    elected, appointed and ex-officio members, shall continue  in
 2    office  until  the  expiration  of  their respective terms or
 3    appointment and until their respective successors are elected
 4    or appointed, and qualified.
 5        At least 30 days prior to the expiration of the  term  of
 6    office  of  each  appointive member the mayor shall appoint a
 7    successor for a term of 3 years.
 8        The board shall conduct a regular election  at  least  30
 9    days  prior  to  the  expiration  of  the terms of the active
10    policemen members and annuitant or  beneficiary  members  for
11    election  of  a successor of each such member for a term of 3
12    years.
13        Any member of the board so  appointed  or  elected  shall
14    continue  in  office  until his successor is selected and has
15    qualified.
16        Any person so  appointed  or  elected  shall  qualify  by
17    taking an oath of office. A copy thereof shall be kept in the
18    office of the city clerk of the city.
19    (Source: P.A. 86-273.)

20        Section  99.  Effective date.  This Act takes effect upon
21    becoming law.

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