HB4414 100TH GENERAL ASSEMBLY

LRB100 17518 MJP 32688 b

100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB4414

Introduced , by Rep. Carol Ammons

SYNOPSIS AS INTRODUCED:

40 ILCS 5/14-135.09	from Ch. 108 1/2, par. 14-135.09
40 ILCS 5/15-169	from Ch. 108 1/2, par. 15-169
40 ILCS 5/16-169	from Ch. 108 1/2, par. 16-169
40 ILCS 5/17-140.5 new

Amends the State Employees, State Universities, and Downstate Teachers Articles of the Illinois Pension Code. Provides that on or after the effective date of the amendatory Act, appointments to the position of executive director or chief investment officer must be made with the advice and consent of the Senate. Amends the Chicago Teachers Article of the Illinois Pension Code. Provides that on or after the effective date of the amendatory Act, appointments to the position of executive director, chief investment officer, or chief legal officer must be made with the advice and consent of the Senate. Effective immediately.

FISCAL NOTE ACT MAY APPLY

PENSION IMPACT NOTE ACT MAY APPLY

A BILL FOR

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 Sections 14-135.09, 15-169, and 16-169 and by adding Section 17-140.5 as follows:

(40 ILCS 5/14-135.09) (from Ch. 108 1/2, par. 14-135.09)

Sec. 14-135.09. To obtain services. To obtain, pursuant to the "Personnel Code", approved July 18, 1955, as now or hereafter amended, an executive secretary, an actuary and such medical and other services as shall be required to transact the business of the system; and to pay the expenses of the board necessary for the operation of the system at such rates and in such amounts as the board determines and approves.

On or after the effective date of this amendatory Act of the 100th General Assembly, appointments to the position of executive director or chief investment officer must be made with the advice and consent of the Senate.

(Source: P.A. 80-841.)

(40 ILCS 5/15-169) (from Ch. 108 1/2, par. 15-169)

Sec. 15-169. To elect officers and appoint employees. To elect officers; to appoint a secretary and treasurer; to have a seal; to employ and fix the rate of pay of such actuarial, legal, clerical, audit, medical, or other services, or corporate trustee organized under the laws of this State with a capital of not less than $1,000,000, or investment counsel and other persons as shall be required for the efficient administration of the system. All actions brought by or against the board shall be prosecuted or defended by the Attorney General. If the board pursues a mandamus action under Section 15-156 of this Code as amended by Senate Bill No. 1 of the 98th General Assembly in the form passed by the General Assembly, then the board may select the counsel of their choice.

On or after the effective date of this amendatory Act of the 100th General Assembly, appointments to the position of executive director or chief investment officer must be made with the advice and consent of the Senate.

(Source: P.A. 98-92, eff. 7-16-13; 98-598, eff. 12-5-13.)

(40 ILCS 5/16-169) (from Ch. 108 1/2, par. 16-169)

Sec. 16-169. Board - secretary and other employees. The board, by a majority vote of all its members and with the advice and consent of the Senate if the appointment is on or after the effective date of this amendatory Act of the 100th General Assembly, shall appoint a secretary who shall not be a member of the board and who shall serve as the chief executive officer responsible for the detailed administration of the system.

Appointments to the position of chief investment officer must be made with the advice and consent of the Senate.

The secretary and chief executive officer of the system, known as the Executive Director, holding that position on April 1, 2009 is terminated on July 1, 2009, by operation of law, and shall thereafter no longer hold those positions or any other employment position with the system. The board is directed to take whatever action is necessary to effectuate this termination.

(Source: P.A. 96-6, eff. 4-3-09.)

(40 ILCS 5/17-140.5 new)

Sec. 17-140.5. Executive director; chief investment officer; chief legal officer. On or after the effective date of this amendatory Act of the 100th General Assembly, appointments to the position of executive director, chief investment officer, or chief legal officer must be made with the advice and consent of the Senate.

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