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| 1 | AN ACT concerning public employee benefits.
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| 2 | Be it enacted by the People of the State of Illinois,
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| 3 | represented in the General Assembly:
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| 4 | Section 5. The Illinois Pension Code is amended by changing | ||||||
| 5 | Section 6-174 as follows:
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| 6 | (40 ILCS 5/6-174) (from Ch. 108 1/2, par. 6-174)
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| 7 | Sec. 6-174. 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 Firemen's Annuity
and Benefit Fund of | ||||||
| 11 | the city.
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| 12 | The board shall consist of the city treasurer, the city | ||||||
| 13 | comptroller, the
city clerk, a deputy fire commissioner | ||||||
| 14 | designated by the fire commissioner
of the city, 3 firemen | ||||||
| 15 | employed by the city, and 1 annuitant of the fund or
a fireman | ||||||
| 16 | pensioner of any prior firemen's pension fund in operation, by
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| 17 | authority of law, in the city. Children less than age 18 shall | ||||||
| 18 | not be
eligible for membership.
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| 19 | The members of a retirement board holding office at the | ||||||
| 20 | time this
Article becomes effective, including elected and ex | ||||||
| 21 | officio members, shall
continue in office until the expiration | ||||||
| 22 | of their respective terms or
appointment and until their | ||||||
| 23 | respective successors are elected or appointed,
and qualified.
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| 1 | In a city which first attains a population of over 500,000 | ||||||
| 2 | and comes
under the provisions of this Article, the active | ||||||
| 3 | firemen members of the
board of trustees of any firemen's | ||||||
| 4 | pension fund then in effect in such city
and the member of such | ||||||
| 5 | board who was chosen from the retired members of
such fund | ||||||
| 6 | shall become members of the board as follows:
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| 7 | (a) The active fireman member for whom the highest number | ||||||
| 8 | of votes was
cast and counted at the most recent election for | ||||||
| 9 | board members shall become
a member of the retirement board for | ||||||
| 10 | a term which shall end on December 1st
of the third year after | ||||||
| 11 | the year in which this Article comes into force in
the city; | ||||||
| 12 | the member of the board for whom the second highest number of
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| 13 | votes was cast and counted at such election shall become a | ||||||
| 14 | member of the
retirement board for a term which shall end on | ||||||
| 15 | December 1st of the second
year after the year in which this | ||||||
| 16 | Article comes into force in the city; and
the member of the | ||||||
| 17 | board for whom the third highest number of votes was cast
and | ||||||
| 18 | counted at such election shall become a member of the | ||||||
| 19 | retirement board
for a term which shall end on December 1st of | ||||||
| 20 | the first year after the year
in which this Article comes into | ||||||
| 21 | force in the city.
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| 22 | (b) The annuitant member of the pension fund shall become a | ||||||
| 23 | member of
the board for a term which shall end on December 1st | ||||||
| 24 | of the second year
after the year in which this Article comes | ||||||
| 25 | into force in the city.
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| 26 | The board shall conduct regular elections annually, at | ||||||
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| 1 | least 30 days
prior to the expiration of the term of the active | ||||||
| 2 | fireman member of the
board whose term next expires, for the | ||||||
| 3 | election of a successor for a term
of 3 years. The board also | ||||||
| 4 | shall conduct regular elections biennially, at
least 30 days | ||||||
| 5 | prior to the expiration of the term of the member who is a
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| 6 | pensioner of any pension fund formerly in effect in such city | ||||||
| 7 | or an
annuitant of the annuity and benefit fund herein | ||||||
| 8 | provided, for the election
of a successor to such member for a | ||||||
| 9 | term of 3 2 years.
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| 10 | Any member of the board, elected as aforesaid, shall | ||||||
| 11 | continue in office
until his successor is elected and | ||||||
| 12 | qualified.
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| 13 | Each member of the board, before entering upon the duties | ||||||
| 14 | of his office,
shall take the oath prescribed by the | ||||||
| 15 | Constitution of this State, which
oath shall be filed in the | ||||||
| 16 | office of the city clerk of the city.
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| 17 | (Source: P.A. 86-273.)
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| 18 | Section 99. Effective date. This Act takes effect upon | ||||||
| 19 | becoming law.
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