Bill Text: IL HB3004 | 2021-2022 | 102nd General Assembly | Chaptered

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Bill Title: Amends the General Provisions Article of the Illinois Pension Code. Provides that no individual who is a board member of a pension fund, investment board, or retirement system may be employed by that pension fund, investment board, or retirement system at any time during his or her service and for a period of 12 months after he or she ceases to be a board member. Provides an exception if a senior administrative staff position becomes vacant and no executive member of the staff is willing to accept the position. In that situation, provides that an individual serving as a board member may temporarily serve as an interim member of the senior administrative staff of the fund if certain conditions are met.

Spectrum: Bipartisan Bill

Status: (Passed) 2021-08-27 - Public Act . . . . . . . . . 102-0603 [HB3004 Detail]

Download: Illinois-2021-HB3004-Chaptered.html

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Public Act 102-0603
HB3004 Enrolled LRB102 14774 RPS 20127 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 adding
Section 1-109.5 as follows:
(40 ILCS 5/1-109.5 new)
Sec. 1-109.5. Prohibition on employment for board members.
Except as otherwise provided in this Section and in accordance
with Section 5-45 of the State Officials and Employees Ethics
Act, no individual who is a board member of a pension fund,
investment board, or retirement system may be employed by that
pension fund, investment board, or retirement system at any
time during his or her service and for a period of 12 months
after he or she ceases to be a board member.
If a senior administrative staff position becomes vacant
and no executive member of the staff is willing to accept the
position, an individual serving as a board member may
temporarily serve as an interim member of the senior
administrative staff of the fund under the following
conditions:
(1) the senior administrative staff position is vacant
and the board is conducting and documenting a public
search for a new permanent replacement who is not a member

of the board of trustees of the fund;
(2) a majority of the board of trustees of the fund
votes to designate a specific board member to serve in the
senior administrative staff position;
(3) the board-designated interim member of the senior
administrative staff does not receive any salary or
benefits associated with the position;
(4) the board-designated interim member of the senior
administrative staff serves for a period of not more than
6 months; and
(5) the trustee vacates his or her position as a
trustee while serving as an interim member of the senior
administrative staff.