Public Act 102-0603
 
HB3004 EnrolledLRB102 14774 RPS 20127 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 adding 
Section 1-109.5 as follows:
 
    (40 ILCS 5/1-109.5 new)
    Sec. 1-109.5. Prohibition on employment for board members. 
Except as otherwise provided in this Section and in accordance 
with Section 5-45 of the  State Officials and Employees Ethics 
Act, no individual who is a board member of a pension fund, 
investment board, or retirement system may be employed by that 
pension fund, investment board, or retirement system at any 
time during his or her service and for a period of 12 months 
after he or she ceases to be a board member.
    If a senior administrative staff position becomes vacant 
and no executive member of the staff is willing to accept the 
position, an individual serving as a board member may 
temporarily serve as an interim member of the senior 
administrative staff of the fund under the following 
conditions:
        (1) the senior administrative staff position is vacant 
    and the board is conducting and documenting a public 
    search for a new permanent replacement who is not a member 
    of the board of trustees of the fund;
        (2) a majority of the board of trustees of the fund 
    votes to designate a specific board member to serve in the 
    senior administrative staff position;
        (3) the board-designated interim member of the senior 
    administrative staff does not receive any salary or 
    benefits associated with the position;
        (4) the board-designated interim member of the senior 
    administrative staff serves for a period of not more than 
    6 months; and
        (5) the trustee vacates his or her position as a 
    trustee while serving as an interim member of the senior 
    administrative staff.


Effective Date:  1/1/2022