94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
SB0446


 
Introduced 2/16/2005, by Sen. Iris Y. Martinez
 
SYNOPSIS AS INTRODUCED:
 		
















40 ILCS 5/17-137
  from Ch. 108 1/2, par. 17-137


40 ILCS 5/17-138
  from Ch. 108 1/2, par. 17-138







    Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that the 2 members of the Board of Trustees that are members of the Board of Education shall instead be appointed by the Board of Education. Provides guidelines for the selection of the appointees. Effective immediately.
















LRB094 09862 AMC 40119 b

















PENSION IMPACT NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











SB0446

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    AN ACT concerning public employee benefits.

 
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    Be it enacted by the People of the State of Illinois,
 
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represented in the General Assembly:


 
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    Section 5. The Illinois Pension Code is amended  by changing 
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Sections 17-137 and 17-138 as follows:
 



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    (40 ILCS 5/17-137)  (from Ch. 108 1/2, par. 17-137)



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    Sec. 17-137. Board created. There shall be elected a Board 
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of Trustees,
herein also referred to as the "Board", to 
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administer and
control the Fund
created by this Article.  The 
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Board shall consist of 12
members, 2 of whom shall be appointed 
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by
members of the Board of Education, 6
of whom shall be 
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contributors who are not principals, one of whom shall be a

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contributor who is a principal, and 3 of whom shall be 
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pensioners,
all to be chosen as provided in this Article. The 
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terms of the 2 members of the Board serving on the effective 
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date of this amendatory Act of the 94th General Assembly who 
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are members of the Board of Education shall expire when the 2 
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members appointed by the Board of Education are appointed and 
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qualified to act.


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(Source: P.A. 89-136, eff. 7-14-95; 90-566, eff. 1-2-98.)

 



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    (40 ILCS 5/17-138)  (from Ch. 108 1/2, par. 17-138)



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    Sec. 17-138. Board membership. At the first meeting of the 
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Board of
Education in November of each year, the Board of 
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Education
shall appoint one person
of its members to serve, 
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while a member of the Board of
Education, on the Board of 
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Trustees for a term of 2 years, except that in November 2005, 
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the Board shall appoint a second person for a term of one year. 
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Members of the Board of Trustees appointed by the Board of 
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Education shall be selected from among the members of the Board 
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of Education, the chief financial officer of the Board of 
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Education, the comptroller of the Board of Education, the 
 


 






SB0446
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treasurer of the Board of Education, and full-time employees of 
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the Board of Education who are, in the sole discretion of the 
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Board of Education, versed in its fiscal affairs.


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    On the last school day of the 4th week of October of each 
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year there
shall be elected 2 members of the Board from the 
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teachers other
than principals, who shall hold office for terms 
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of 3 years
while retaining their status as teachers other than 
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principals, and other
members to fill unexpired terms.  In the 
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event that schools are not in session
on or during the week 
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prior to the last Friday in October, this election shall
be 
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held on the Friday of the first subsequent full week of school.  
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The
election shall be by secret ballot and shall be held in 
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such manner as the
Board by bylaws or rules shall provide.  Only 
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teachers who are
not principals shall be eligible to vote in 
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the election.

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    During the first week of November of 1995 and every third 
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year thereafter,
one contributor who is a principal shall be 
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elected a member of the Board.  This trustee shall hold office 
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for a term of 3 years while
retaining
his or her status as a 
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principal.  The election shall be by mail ballot and
only 
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contributors who are principals shall be eligible to vote.  The 
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election
shall be held in the manner provided by the Board by 
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rule or
bylaw.

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    During the first week of November of each odd-numbered year 
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there shall
be elected 3 members of the Board from the 
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pensioners,
who shall hold office for a term of 2 years while 
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retaining their status
as pensioners.  The election shall be by 
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mail ballot to all service and
disability pensioners, and shall 
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be held in such manner as the Board by bylaws or rules shall 
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provide.

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    All trustees, while appointees
members of the Board of 
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Education or while
principals, teachers other than principals, 
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or pensioners, as the
case may be, shall hold their offices

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until their successors shall have been appointed or elected and 
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qualified by
subscribing to the constitutional oath of office 
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at the immediately succeeding
regular meeting of the Board.

 


 






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(Source: P.A. 89-136, eff. 7-14-95; 90-566, eff. 1-2-98.)

 

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