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92_SB1594
LRB9213989EGfg
1 AN ACT in relation to public employee benefits.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Illinois Pension Code is amended by
5 changing Section 5-178 as follows:
6 (40 ILCS 5/5-178) (from Ch. 108 1/2, par. 5-178)
7 Sec. 5-178. Board created. A board of 8 members shall
8 constitute a board of trustees authorized to administer the
9 provisions of this Article. The board shall be known as the
10 Retirement Board of the Policemen's Annuity and Benefit Fund
11 of the city.
12 The board shall consist of 4 persons appointed by the
13 mayor of the city; 3 policemen employed by the city, at least
14 one of whom shall be a lieutenant or of a rank superior to
15 lieutenant, one of whom shall be of the rank of sergeant, and
16 one of whom shall be of the rank of investigator or a rank
17 inferior to that rank; and one annuitant of the fund, or a
18 pensioner of any prior police pension fund in operation, by
19 authority of law, in the city. Children less than age 18
20 shall not be eligible for board membership. The term of
21 office for all members shall be 3 years; except that the
22 member who is of the rank of lieutenant or a rank superior to
23 that rank who is next elected after the effective date of
24 this amendatory Act of the 92nd General Assembly shall be
25 elected for a term of one year, and the member who is of the
26 rank of sergeant who is next elected after the effective date
27 of this amendatory Act of the 92nd General Assembly shall be
28 elected for a term of 2 years. Upon his election, the member
29 holding the rank of investigator or a rank inferior to that
30 rank shall be detailed by the Police Superintendent to the
31 office of the board for the duration of his term as trustee.
-2- LRB9213989EGfg
1 The members of a retirement board holding office in a
2 city at the time this Article becomes effective, including
3 elected, appointed and ex-officio members, shall continue in
4 office until the expiration of their respective terms or
5 appointment and until their respective successors are elected
6 or appointed, and qualified.
7 At least 30 days prior to the expiration of the term of
8 office of each appointive member the mayor shall appoint a
9 successor for a term of 3 years.
10 The board shall conduct a regular election at least 30
11 days prior to the expiration of the terms of the active
12 policemen members and annuitant or beneficiary members for
13 election of a successor of each such member for a term of 3
14 years.
15 Any member of the board so appointed or elected shall
16 continue in office until 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 the
20 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.