HB1627 Engrossed LRB095 04729 AMC 24788 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 16-170 and by adding Section 16-181.4 as follows:
 
6     (40 ILCS 5/16-170)  (from Ch. 108 1/2, par. 16-170)
7     Sec. 16-170. Board powers and duties. The board shall have
8 the powers and duties stated in Sections 16-171 through
9 16-181.4 16-181.2, in addition to the other powers and duties
10 granted it in this Article.
11 (Source: P.A. 83-1440.)
 
12     (40 ILCS 5/16-181.4 new)
13     Sec. 16-181.4. To provide informational material. The
14 board may, on an annual basis, provide annuitants under this
15 Article the option of electing and consenting to receive
16 informational material from any nonprofit association. To
17 qualify as a nonprofit association under this Section, at least
18 50% of nonprofit association's members must be annuitants of
19 the System. The board may adopt rules to implement this
20 Section.
 
21     Section 99. Effective date. This Act takes effect upon

 

 

HB1627 Engrossed - 2 - LRB095 04729 AMC 24788 b

1 becoming law.