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


Sen. John Connor

Filed: 5/21/2021





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2    AMENDMENT NO. ______. Amend House Bill 3004 by replacing
3everything after the enacting clause with the following:
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



10200HB3004sam002- 2 -LRB102 14774 AMC 26902 a

1position, an individual serving as a board member may
2temporarily serve as an interim member of the senior
3administrative staff of the fund under the following
5        (1) the senior administrative staff position is vacant
6    and the board is conducting and documenting a public
7    search for a new permanent replacement who is not a member
8    of the board of trustees of the fund;
9        (2) a majority of the board of trustees of the fund
10    votes to designate a specific board member to serve in the
11    senior administrative staff position;
12        (3) the board-designated interim member of the senior
13    administrative staff does not receive any salary or
14    benefits associated with the position;
15        (4) the board-designated interim member of the senior
16    administrative staff serves for a period of not more than
17    6 months; and
18        (5) the trustee vacates his or her position as a
19    trustee while serving as an interim member of the senior
20    administrative staff.".