Rep. Frank J. Mautino
Filed: 4/25/2007
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1 | AMENDMENT TO HOUSE BILL 1627
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2 | AMENDMENT NO. ______. Amend House Bill 1627 by replacing | ||||||
3 | everything after the enacting clause with the following:
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4 | "Section 5. The Illinois Pension Code is amended by | ||||||
5 | changing Section 16-170 and by adding Section 16-181.4 as | ||||||
6 | follows:
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7 | (40 ILCS 5/16-170) (from Ch. 108 1/2, par. 16-170)
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8 | Sec. 16-170. Board powers and duties. The board shall have | ||||||
9 | the powers and duties stated in Sections 16-171 through
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10 | 16-181.4
16-181.2 , in addition to the other powers and
duties | ||||||
11 | granted it
in this Article.
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12 | (Source: P.A. 83-1440.)
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13 | (40 ILCS 5/16-181.4 new) | ||||||
14 | Sec. 16-181.4. To provide informational material. The | ||||||
15 | board may, on an annual basis, provide annuitants under this |
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1 | Article the option of electing and consenting to receive | ||||||
2 | informational material from any nonprofit association. To | ||||||
3 | qualify as a nonprofit association under this Section, at least | ||||||
4 | 50% of nonprofit association's members must be annuitants of | ||||||
5 | the System. The board may adopt rules to implement this | ||||||
6 | Section.
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7 | Section 99. Effective date. This Act takes effect upon | ||||||
8 | becoming law.".
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