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Public Act 102-0479


 

Public Act 0479 102ND GENERAL ASSEMBLY

  
  
  

 


 
Public Act 102-0479
 
HB3474 EnrolledLRB102 02573 RPS 12575 b

    AN ACT concerning public employee benefits.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The Illinois Pension Code is amended by
changing Section 7-174 as follows:
 
    (40 ILCS 5/7-174)  (from Ch. 108 1/2, par. 7-174)
    Sec. 7-174. Board created.
    (a) A board of 8 members shall constitute a board of
trustees authorized to carry out the provisions of this
Article. Each trustee shall be a participating employee of a
participating municipality or participating instrumentality or
an annuitant of the Fund and no person shall be eligible to
become a trustee after January 1, 1979 who does not have the
minimum service credit in this Fund to qualify for a pension.
    (b) The board shall consist of representatives of various
groups as follows:
        1. 4 trustees shall be a chief executive officer,
    chief finance officer, or other officer, executive or
    department head of a participating municipality or
    participating instrumentality, and each such trustee shall
    be designated as an executive trustee.
        2. 3 trustees shall be employees of a participating
    municipality or participating instrumentality and each
    such trustee shall be designated as an employee trustee. A
    person who meets the criteria to be an executive trustee
    may not serve as an employee trustee.
        3. One trustee shall be an annuitant of the Fund, who
    shall be designated the annuitant trustee.
    (c) A person elected as a trustee shall qualify as a
trustee, after declaration by the board that he has been duly
elected, upon taking and subscribing to the constitutional
oath of office and filing same in the office of the Fund.
    (d) The term of office of each trustee shall begin upon
January 1 of the year following the year in which he is elected
and shall continue for a period of 5 years and until a
successor has been elected and qualified, or until prior
resignation, death, incapacity or disqualification.
    (e) Any elected trustee (other than the annuitant trustee)
shall be disqualified immediately upon termination of
employment with all participating municipalities and
instrumentalities thereof or upon any change in status which
removes any such trustee from all employments within the group
he represents. The annuitant trustee shall be disqualified
upon termination of his or her annuity.
    (f) The trustees shall fill any vacancy in the board by
appointment, for the period until the next election of
trustees, or, if the remaining term is less than 2 years, for
the remainder of the term, and until his successor has been
elected and qualified.
    (g) Trustees shall serve without compensation, but shall
be reimbursed for any reasonable expenses incurred in
attending meetings of the board and in performing duties on
behalf of the Fund and for the amount of any earnings withheld
by any employing municipality or participating instrumentality
because of attendance at any board meeting.
    (h) Each trustee shall be entitled to one vote on any and
all actions before the board. At least 5 concurring votes
shall be necessary for every decision or action by the board at
any of its meetings. No decision or action shall become
effective unless presented and so approved at a regular or
duly called special meeting of the board.
(Source: P.A. 100-139, eff. 8-18-17.)
 
    Section 99. Effective date. This Act takes effect upon
becoming law.

Effective Date: 8/20/2021