95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
SB1928

 

Introduced 1/16/2008, by Sen. Louis S. Viverito

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/13-701   from Ch. 108 1/2, par. 13-701
40 ILCS 5/13-702   from Ch. 108 1/2, par. 13-702

    Amends the Metropolitan Water Reclamation District Article of the Illinois Pension Code. Adds an appointed retiree member and an elected employee member to the Board of Trustees. Beginning on the effective date of the amendatory Act, increases the terms for successors to the employee members from 3 years to 4 years. Effective immediately.


LRB095 16254 AMC 42273 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB1928 LRB095 16254 AMC 42273 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 Sections 13-701 and 13-702 as follows:
 
6     (40 ILCS 5/13-701)  (from Ch. 108 1/2, par. 13-701)
7     Sec. 13-701. Board created. A board of 7 5 members shall
8 constitute the Board of Trustees authorized to carry out the
9 provisions of this Article. The board shall be known as the
10 Retirement Board of the Metropolitan Water Reclamation
11 District Pension Fund.
12     The board shall consist of 3 2 members appointed by the
13 Board of Commissioners of the Water Reclamation District, one
14 of which must be a retiree participating in the Fund, and 4 3
15 elected employee members. The appointed retiree to the Board
16 must be recommended by the Board of Commissioners of the
17 Metropolitan Water Reclamation District and approved by the
18 Board of Trustees prior to serving his or her term.
19     Each appointed member shall be appointed for a term of 2
20 years in the month of January prior to the expiration of the
21 term of office of the appointed member whose term next expires.
22     Members of the Board shall hold office until the expiration
23 of their respective terms and until their respective successors

 

 

SB1928 - 2 - LRB095 16254 AMC 42273 b

1 are appointed or elected and have qualified. This amendatory
2 Act of the 95th General Assembly 1991 shall not affect the
3 terms of the Board members holding office on its effective
4 date. The new employee member authorized by this amendatory Act
5 of the 95th General Assembly shall begin his or her term
6 following a special election no later than 90 days after the
7 effective date of this amendatory Act and serve an initial term
8 that expires on November 30, 2011. The appointed retiree member
9 authorized by this amendatory Act of the 95th General Assembly
10 shall be appointed on later than 90 days after the effective
11 date of this amendatory Act and serve an initial term that
12 expires on January 31, 2011.
13     Any person elected or appointed as a member of the Board
14 shall qualify by taking an oath of office to be administered by
15 any officer authorized to administer oaths or any sitting
16 member of the Board. A copy thereof shall be filed with the
17 clerk of the Water Reclamation District and with the Executive
18 Director of the Fund.
19 (Source: P.A. 87-794.)
 
20     (40 ILCS 5/13-702)  (from Ch. 108 1/2, par. 13-702)
21     Sec. 13-702. Board elections. Beginning on the effective
22 date of this amendatory Act of the 95th General Assembly, in In
23 each year, the Board shall conduct a regular election, under
24 rules adopted by it, at least 30 days prior to the expiration
25 of the term of the employee member whose term next expires, for

 

 

SB1928 - 3 - LRB095 16254 AMC 42273 b

1 the election of a successor for a term of 4 3 years. Any
2 employee at the time the election is held shall have a right to
3 vote. The election shall be conducted by secret ballot.
4 (Source: P.A. 87-794.)
 
5     Section 99. Effective date. This Act takes effect upon
6 becoming law.