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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 | Sections 17-137 and 17-138 as follows:
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| 6 | (40 ILCS 5/17-137) (from Ch. 108 1/2, par. 17-137)
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| 7 | Sec. 17-137. Board created. There shall be elected a Board | ||||||
| 8 | of Trustees,
herein also referred to as the "Board", to | ||||||
| 9 | administer and
control the Fund
created by this Article. The | ||||||
| 10 | Board shall consist of 12
members, 2 of whom shall be appointed | ||||||
| 11 | by
members of the Board of Education, 6
of whom shall be | ||||||
| 12 | contributors who are not principals, one of whom shall be a
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| 13 | contributor who is a principal, and 3 of whom shall be | ||||||
| 14 | pensioners,
all to be chosen as provided in this Article. The | ||||||
| 15 | terms of the 2 members of the Board serving on the effective | ||||||
| 16 | date of this amendatory Act of the 94th General Assembly who | ||||||
| 17 | are members of the Board of Education shall expire when the 2 | ||||||
| 18 | members appointed by the Board of Education are appointed and | ||||||
| 19 | qualified to act.
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| 20 | (Source: P.A. 89-136, eff. 7-14-95; 90-566, eff. 1-2-98.)
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| 21 | (40 ILCS 5/17-138) (from Ch. 108 1/2, par. 17-138)
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| 22 | Sec. 17-138. Board membership. At the first meeting of the | ||||||
| 23 | Board of
Education in November of each year, the Board of | ||||||
| 24 | Education
shall appoint one person
of its members to serve, | ||||||
| 25 | while a member of the Board of
Education, on the Board of | ||||||
| 26 | Trustees for a term of 2 years, except that in November 2005, | ||||||
| 27 | the Board shall appoint a second person for a term of one year. | ||||||
| 28 | Members of the Board of Trustees appointed by the Board of | ||||||
| 29 | Education shall be selected from among the members of the Board | ||||||
| 30 | of Education, the chief financial officer of the Board of | ||||||
| 31 | Education, the comptroller of the Board of Education, the | ||||||
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| 1 | treasurer of the Board of Education, and full-time employees of | ||||||
| 2 | the Board of Education who are, in the sole discretion of the | ||||||
| 3 | Board of Education, versed in its fiscal affairs.
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| 4 | On the last school day of the 4th week of October of each | ||||||
| 5 | year there
shall be elected 2 members of the Board from the | ||||||
| 6 | teachers other
than principals, who shall hold office for terms | ||||||
| 7 | of 3 years
while retaining their status as teachers other than | ||||||
| 8 | principals, and other
members to fill unexpired terms. In the | ||||||
| 9 | event that schools are not in session
on or during the week | ||||||
| 10 | prior to the last Friday in October, this election shall
be | ||||||
| 11 | held on the Friday of the first subsequent full week of school. | ||||||
| 12 | The
election shall be by secret ballot and shall be held in | ||||||
| 13 | such manner as the
Board by bylaws or rules shall provide. Only | ||||||
| 14 | teachers who are
not principals shall be eligible to vote in | ||||||
| 15 | the election.
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| 16 | During the first week of November of 1995 and every third | ||||||
| 17 | year thereafter,
one contributor who is a principal shall be | ||||||
| 18 | elected a member of the Board. This trustee shall hold office | ||||||
| 19 | for a term of 3 years while
retaining
his or her status as a | ||||||
| 20 | principal. The election shall be by mail ballot and
only | ||||||
| 21 | contributors who are principals shall be eligible to vote. The | ||||||
| 22 | election
shall be held in the manner provided by the Board by | ||||||
| 23 | rule or
bylaw.
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| 24 | During the first week of November of each odd-numbered year | ||||||
| 25 | there shall
be elected 3 members of the Board from the | ||||||
| 26 | pensioners,
who shall hold office for a term of 2 years while | ||||||
| 27 | retaining their status
as pensioners. The election shall be by | ||||||
| 28 | mail ballot to all service and
disability pensioners, and shall | ||||||
| 29 | be held in such manner as the Board by bylaws or rules shall | ||||||
| 30 | provide.
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| 31 | All trustees, while appointees
members of the Board of | ||||||
| 32 | Education or while
principals, teachers other than principals, | ||||||
| 33 | or pensioners, as the
case may be, shall hold their offices
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| 34 | until their successors shall have been appointed or elected and | ||||||
| 35 | qualified by
subscribing to the constitutional oath of office | ||||||
| 36 | at the immediately succeeding
regular meeting of the Board.
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| 1 | (Source: P.A. 89-136, eff. 7-14-95; 90-566, eff. 1-2-98.)
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| 2 | Section 99. Effective date. This Act takes effect upon | ||||||
| 3 | becoming law.
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