Public Act 100-0904
 
HB4661 EnrolledLRB100 16897 RPS 32038 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 1-113.18 as follows:
 
    (40 ILCS 5/1-113.18)

    Sec. 1-113.18. Ethics training. All board members of a 
retirement system, pension fund, or investment board created 
under this Code must attend ethics training of at least 8 hours 
per year. The training required under this Section shall 
include training on ethics, fiduciary duty, and investment 
issues and any other curriculum that the board of the 
retirement system, pension fund, or investment board 
establishes as being important for the administration of the 
retirement system, pension fund, or investment board. The 
Supreme Court of Illinois shall be responsible for ethics 
training and curriculum for judges designated by the Court to 
serve as members of a retirement system, pension fund, or 
investment board.


Each board shall annually certify its 
members' compliance with this Section and submit an annual 
certification to the Division of Insurance of the Department of 
Financial and Professional Regulation. Judges shall annually 
certify compliance with the ethics training requirement and 
shall submit an annual certification to the Chief Justice of 
the Supreme Court of Illinois. For an elected or appointed 
trustee under Article 3 or 4 of this Code, fulfillment of the 
requirements of Section 1-109.3 satisfies the requirements of 
this Section. 

(Source: P.A. 96-6, eff. 4-3-09.)
 
 
    Section 99. Effective date. This Act takes effect upon 
becoming law.