Illinois General Assembly - Full Text of HB4414
Illinois General Assembly

Previous General Assemblies

Full Text of HB4414  100th General Assembly

HB4414 100TH GENERAL ASSEMBLY

  
  

 


 
100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB4414

 

Introduced , by Rep. Carol Ammons

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/14-135.09  from Ch. 108 1/2, par. 14-135.09
40 ILCS 5/15-169  from Ch. 108 1/2, par. 15-169
40 ILCS 5/16-169  from Ch. 108 1/2, par. 16-169
40 ILCS 5/17-140.5 new

    Amends the State Employees, State Universities, and Downstate Teachers Articles of the Illinois Pension Code. Provides that on or after the effective date of the amendatory Act, appointments to the position of executive director or chief investment officer must be made with the advice and consent of the Senate. Amends the Chicago Teachers Article of the Illinois Pension Code. Provides that on or after the effective date of the amendatory Act, appointments to the position of executive director, chief investment officer, or chief legal officer must be made with the advice and consent of the Senate. Effective immediately.


LRB100 17518 MJP 32688 b

FISCAL NOTE ACT MAY APPLY
PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB4414LRB100 17518 MJP 32688 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 changing
5Sections 14-135.09, 15-169, and 16-169 and by adding Section
617-140.5 as follows:
 
7    (40 ILCS 5/14-135.09)  (from Ch. 108 1/2, par. 14-135.09)
8    Sec. 14-135.09. To obtain services. To obtain, pursuant to
9the "Personnel Code", approved July 18, 1955, as now or
10hereafter amended, an executive secretary, an actuary and such
11medical and other services as shall be required to transact the
12business of the system; and to pay the expenses of the board
13necessary for the operation of the system at such rates and in
14such amounts as the board determines and approves.
15    On or after the effective date of this amendatory Act of
16the 100th General Assembly, appointments to the position of
17executive director or chief investment officer must be made
18with the advice and consent of the Senate.
19(Source: P.A. 80-841.)
 
20    (40 ILCS 5/15-169)  (from Ch. 108 1/2, par. 15-169)
21    Sec. 15-169. To elect officers and appoint employees. To
22elect officers; to appoint a secretary and treasurer; to have a

 

 

HB4414- 2 -LRB100 17518 MJP 32688 b

1seal; to employ and fix the rate of pay of such actuarial,
2legal, clerical, audit, medical, or other services, or
3corporate trustee organized under the laws of this State with a
4capital of not less than $1,000,000, or investment counsel and
5other persons as shall be required for the efficient
6administration of the system. All actions brought by or against
7the board shall be prosecuted or defended by the Attorney
8General. If the board pursues a mandamus action under Section
915-156 of this Code as amended by Senate Bill No. 1 of the 98th
10General Assembly in the form passed by the General Assembly,
11then the board may select the counsel of their choice.
12    On or after the effective date of this amendatory Act of
13the 100th General Assembly, appointments to the position of
14executive director or chief investment officer must be made
15with the advice and consent of the Senate.
16(Source: P.A. 98-92, eff. 7-16-13; 98-598, eff. 12-5-13.)
 
17    (40 ILCS 5/16-169)  (from Ch. 108 1/2, par. 16-169)
18    Sec. 16-169. Board - secretary and other employees. The
19board, by a majority vote of all its members and with the
20advice and consent of the Senate if the appointment is on or
21after the effective date of this amendatory Act of the 100th
22General Assembly, shall appoint a secretary who shall not be a
23member of the board and who shall serve as the chief executive
24officer responsible for the detailed administration of the
25system.

 

 

HB4414- 3 -LRB100 17518 MJP 32688 b

1    Appointments to the position of chief investment officer
2must be made with the advice and consent of the Senate.
3    The secretary and chief executive officer of the system,
4known as the Executive Director, holding that position on April
51, 2009 is terminated on July 1, 2009, by operation of law, and
6shall thereafter no longer hold those positions or any other
7employment position with the system. The board is directed to
8take whatever action is necessary to effectuate this
9termination.
10(Source: P.A. 96-6, eff. 4-3-09.)
 
11    (40 ILCS 5/17-140.5 new)
12    Sec. 17-140.5. Executive director; chief investment
13officer; chief legal officer. On or after the effective date of
14this amendatory Act of the 100th General Assembly, appointments
15to the position of executive director, chief investment
16officer, or chief legal officer must be made with the advice
17and consent of the Senate.
 
18    Section 99. Effective date. This Act takes effect upon
19becoming law.