HB1627eng 95TH GENERAL ASSEMBLY

HB1627 Engrossed LRB095 04729 AMC 24788 b

AN ACT concerning public employee benefits.

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

Section 5. The Illinois Pension Code is amended by changing Section 16-170 and by adding Section 16-181.4 as follows:

(40 ILCS 5/16-170) (from Ch. 108 1/2, par. 16-170)

Sec. 16-170. Board powers and duties. The board shall have the powers and duties stated in Sections 16-171 through 16-181.4 16-181.2, in addition to the other powers and duties granted it in this Article.

(Source: P.A. 83-1440.)

(40 ILCS 5/16-181.4 new)

Sec. 16-181.4. To provide informational material. The board may, on an annual basis, provide annuitants under this Article the option of electing and consenting to receive informational material from any nonprofit association. To qualify as a nonprofit association under this Section, at least 50% of nonprofit association's members must be annuitants of the System. The board may adopt rules to implement this Section.

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