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92_HB4192 LRB9213973EGfg 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- LRB9213973EGfg 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.
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