Illinois General Assembly - Full Text of HB3004
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Full Text of HB3004  102nd General Assembly




HB3004 EnrolledLRB102 14774 RPS 20127 b

1    AN ACT concerning public employee benefits.
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4    Section 5. The Illinois Pension Code is amended by adding
5Section 1-109.5 as follows:
6    (40 ILCS 5/1-109.5 new)
7    Sec. 1-109.5. Prohibition on employment for board members.
8Except as otherwise provided in this Section and in accordance
9with Section 5-45 of the State Officials and Employees Ethics
10Act, no individual who is a board member of a pension fund,
11investment board, or retirement system may be employed by that
12pension fund, investment board, or retirement system at any
13time during his or her service and for a period of 12 months
14after he or she ceases to be a board member.
15    If a senior administrative staff position becomes vacant
16and no executive member of the staff is willing to accept the
17position, an individual serving as a board member may
18temporarily serve as an interim member of the senior
19administrative staff of the fund under the following
21        (1) the senior administrative staff position is vacant
22    and the board is conducting and documenting a public
23    search for a new permanent replacement who is not a member



HB3004 Enrolled- 2 -LRB102 14774 RPS 20127 b

1    of the board of trustees of the fund;
2        (2) a majority of the board of trustees of the fund
3    votes to designate a specific board member to serve in the
4    senior administrative staff position;
5        (3) the board-designated interim member of the senior
6    administrative staff does not receive any salary or
7    benefits associated with the position;
8        (4) the board-designated interim member of the senior
9    administrative staff serves for a period of not more than
10    6 months; and
11        (5) the trustee vacates his or her position as a
12    trustee while serving as an interim member of the senior
13    administrative staff.