93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
SB2697

 

Introduced 2/4/2004, by Antonio Munoz

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/7-175   from Ch. 108 1/2, par. 7-175

    Amends the Illinois Pension Code. Makes a technical change concerning the Illinois Municipal Retirement Fund.


LRB093 17752 LRD 43432 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB2697 LRB093 17752 LRD 43432 b

1     AN ACT concerning 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 changing
5 Section 7-175 as follows:
 
6     (40 ILCS 5/7-175)  (from Ch. 108 1/2, par. 7-175)
7     Sec. 7-175. Board elections.
8     (a) During the period beginning on August 1 and ending on
9 September 15 of each year the board shall accept nominations of
10 candidates for election to the trusteeships for terms beginning
11 the next January 1, new trusteeships or vacancies to be filled
12 by election.
13     (b) All nominations shall be by petition. Three petitions
14 for an executive trustee shall be signed by governing bodies of
15 contributing participating municipalities or
16 instrumentalities.
17     A petition for an employee trustee shall be signed by at
18 least 350 participating employees who were participants during
19 July of the current year and who, if their employment status
20 remained unchanged, would be eligible to vote for the such
21 candidate at the following election.
22     A petition for an annuitant trustee shall be signed by at
23 least 100 persons who were annuitants of the Fund during July
24 of the current year and who, if their annuitant status remains
25 unchanged, would be eligible to vote for the candidate at the
26 following election.
27     (c) A separate ballot shall be used for each class of
28 trustee and the names of all candidates properly nominated in
29 petitions received by the board shall be placed in alphabetical
30 order upon the proper ballot. Where two employee trustees are
31 elected to a full term in the same year, there shall be one
32 election for the two trusteeships and the two candidates

 

 

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1 getting the highest number of votes shall be elected.
2     (d) At any election, each contributing participating
3 municipality and participating instrumentality and each
4 contributing participating employee employed by such
5 participating municipality or participating instrumentality
6 during September of any year, shall be entitled to vote as
7 follows:
8         1. The governing body of each such participating
9     municipality and participating instrumentality shall have
10     one vote at any election in which an executive trustee is
11     to be elected, and may cast such vote for any candidate on
12     the executive trustee ballot.
13         2. Each participating employee shall have one vote at
14     any election in which an employee trustee is to be elected,
15     and may cast such vote for any candidate on the employee
16     trustee ballot.
17         3. Each annuitant of the Fund shall have one vote at
18     any election in which an annuitant trustee is to be
19     elected, and may cast that vote for any candidate on the
20     annuitant trustee ballot.
21         4. A vote may be cast for a person not on the ballot by
22     writing in his or her name.
23     (e) The election shall be by ballot pursuant to the rules
24 and regulations established by the board and shall be completed
25 by December 31 of the year. The results shall be entered in the
26 minutes of the meeting of the board following the tally of
27 votes.
28     (f) In case of a tie vote, the candidate employed by or
29 retired from the participating municipality or participating
30 instrumentality having the greatest number of participating
31 employees at the time shall be elected.
32 (Source: P.A. 89-136, eff. 7-14-95.)