093_HB1173

 
                                     LRB093 03670 EFG 03700 b

 1        AN ACT in relation to public employee benefits.

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

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

 6        (40 ILCS 5/17-137) (from Ch. 108 1/2, par. 17-137)
 7        Sec. 17-137. Board created.  There  shall  be  elected  a
 8    Board 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  13  12 members, 2 of whom shall be
11    members of the  Board  of  Education,  6  of  whom  shall  be
12    contributors  who  are not principals, one of whom shall be a
13    contributor who is a principal, and 4 of 3 of whom  shall  be
14    pensioners, all to be chosen as provided in this Article.
15    (Source: P.A. 89-136, eff. 7-14-95; 90-566, eff. 1-2-98.)

16        (40 ILCS 5/17-138) (from Ch. 108 1/2, par. 17-138)
17        Sec.  17-138.  Board membership.  At the first meeting of
18    the Board of Education in November of each year, the Board of
19    Education shall appoint one of its members to serve, while  a
20    member  of  the  Board of Education, on the Board of Trustees
21    for a term of 2 years.
22        On the last school day of the 4th week of October of each
23    year there shall be elected 2 members of the Board  from  the
24    teachers  other  than  principals,  who shall hold office for
25    terms of 3 years while retaining  their  status  as  teachers
26    other  than  principals,  and other members to fill unexpired
27    terms.  In the event that schools are not in  session  on  or
28    during  the  week  prior  to the last Friday in October, this
29    election shall be held on the Friday of the first  subsequent
30    full  week of school.  The election shall be by secret ballot
 
                            -2-      LRB093 03670 EFG 03700 b
 1    and shall be held in such manner as the Board  by  bylaws  or
 2    rules  shall  provide.   Only teachers who are not principals
 3    shall be eligible to vote in the election.
 4        During the first week of November of 1995 and every third
 5    year thereafter, one contributor who is a principal shall  be
 6    elected  a  member  of  the  Board.   This trustee shall hold
 7    office for a term of 3  years  while  retaining  his  or  her
 8    status  as a principal.  The election shall be by mail ballot
 9    and only contributors who are principals shall be eligible to
10    vote.  The election shall be held in the manner  provided  by
11    the Board by rule or bylaw.
12        During  the  first  week of November of each odd-numbered
13    year there shall be elected 4 members 3 members of the  Board
14    from  the  pensioners,  who shall hold office for a term of 2
15    years  while  retaining  their  status  as  pensioners.   The
16    election  shall  be  by  mail  ballot  to  all  service   and
17    disability  pensioners,  and  shall be held in such manner as
18    the Board by bylaws or rules shall provide.
19        All trustees, while members of the Board of Education  or
20    while   principals,   teachers   other  than  principals,  or
21    pensioners, as the case may  be,  shall  hold  their  offices
22    until  their  successors shall have been appointed or elected
23    and qualified by subscribing to the  constitutional  oath  of
24    office  at  the immediately succeeding regular meeting of the
25    Board.  Members of the Board shall neither receive  nor  have
26    any  right  to  receive  any salary from the Fund or from any
27    other source for  services  performed  as  trustees  in  that
28    office.
29    (Source: P.A. 89-136, eff. 7-14-95; 90-566, eff. 1-2-98.)

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