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91_HB3374
LRB9110695EGfg
1 AN ACT to amend the Illinois Pension Code by changing
2 Section 5-178.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Pension Code is amended by
6 changing Section 5-178 as follows:
7 (40 ILCS 5/5-178) (from Ch. 108 1/2, par. 5-178)
8 Sec. 5-178. Board created. A board of 10 members 8
9 members shall constitute a board of trustees authorized to
10 administer the provisions of this Article. The board shall
11 be known as the Retirement Board of the Policemen's Annuity
12 and Benefit Fund of the city.
13 The board shall consist of the city clerk, ex officio; 4
14 persons appointed by the mayor of the city; 4 policemen 3
15 policemen employed by the city, at least one of whom shall be
16 a lieutenant or of a rank superior to lieutenant, one of whom
17 shall be of the rank of sergeant, and 2 of one of whom shall
18 be of the rank of investigator or a rank inferior to that
19 rank; and one annuitant of the fund, or a pensioner of any
20 prior police pension fund in operation, by authority of law,
21 in the city. Children less than age 18 shall not be eligible
22 for board membership. The term of office for all members
23 other than the city clerk shall be 3 years. Upon his
24 election, any the member holding the rank of investigator or
25 a rank inferior to that rank shall be detailed by the Police
26 Superintendent to the office of the board for the duration of
27 his or her term as trustee.
28 The members of a retirement board holding office in a
29 city at the time this Article becomes effective, including
30 elected, appointed and ex-officio members, shall continue in
31 office until the expiration of their respective terms or
-2- LRB9110695EGfg
1 appointment and until their respective successors are elected
2 or appointed, and qualified.
3 At least 30 days prior to the expiration of the term of
4 office of each appointive member the mayor shall appoint a
5 successor for a term of 3 years.
6 The board shall conduct a regular election at least 30
7 days prior to the expiration of the term of each elected
8 member, to elect that member's successor terms of the active
9 policemen members and annuitant or beneficiary members for
10 election of a successor of each such member for a term of 3
11 years. The additional active policeman member created by
12 this amendatory Act of the 91st General Assembly shall first
13 be elected as provided in Section 5-180 for the filling of
14 vacancies.
15 Any member of the board so appointed or elected shall
16 continue in office until a his successor is selected and has
17 qualified.
18 Any person so appointed or elected shall qualify by
19 taking an oath of office. A copy thereof shall be kept in
20 the office of the city clerk of the city.
21 (Source: P.A. 86-273.)
22 Section 99. Effective date. This Act takes effect upon
23 becoming law.