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94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
SB0547
Introduced 2/17/2005, by Sen. Iris Y. Martinez SYNOPSIS AS INTRODUCED:
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Amends the General Provisions Article of the Illinois Pension Code. Provides for the creation of a policy commission to establish a uniform policy for the resolution of contested board elections, which shall be adopted by the boards of trustees of the 5 State-funded retirement systems. Effective immediately.
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| FISCAL NOTE ACT MAY APPLY | |
PENSION IMPACT NOTE ACT MAY APPLY |
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A BILL FOR
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SB0547 |
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LRB094 10050 AMC 40308 b |
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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 adding |
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| Section 1-124 as follows:
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| (40 ILCS 5/1-124 new)
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| Sec. 1-124. Pension Election Policy Commission. |
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| (a) There is hereby created the Pension Election Policy |
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| Commission, which shall consist of the following members: |
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| (1) Two members appointed by the Speaker of the House |
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| of Representatives; |
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| (2) Two members appointed by the Minority Leader of the |
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| House of Representatives; |
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| (3) Two members appointed by the President of the |
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| Senate; |
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| (4) Two members appointed by the Minority Leader of the |
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| Senate; |
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| (5) Two members appointed by the Governor; |
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| (6) Two members appointed by the Lieutenant Governor;
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| (7) Two members appointed by the Treasurer; and |
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| (8) Two members appointed by the Comptroller. |
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| (b) The Commission shall meet at least quarterly and shall |
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| accept testimony and comments from the public at its meetings.
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| (c) On or before January 1, 2006, the Commission shall |
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| establish a uniform policy for the resolution of contested |
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| board elections, as well as a consistent policy for voting on |
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| shareholder resolutions, which shall be adopted by the |
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| following boards of trustees: |
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| (1) The Board of Trustees of the General Assembly |
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| Retirement System;
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| (2) The Board of Trustees of the State Employees' |
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| Retirement System of Illinois;
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