102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
SB2574
 
Introduced 2/26/2021, by Sen. Steve McClure
 
SYNOPSIS AS INTRODUCED:



  
40 ILCS 5/16-163 from Ch. 108 1/2, par. 16-163
40 ILCS 5/16-164 from Ch. 108 1/2, par. 16-164

 Amends the Downstate Teacher Article of the Illinois Pension Code. Provides that the Governor shall appoint 5 (instead of 7) persons to the Board of Trustees of the Teachers' Retirement System of the State of Illinois who are not members of the System. Makes conforming changes. Effective July 1, 2021.



LRB102 12884 RPS 18227 b


PENSION IMPACT NOTE ACT MAY APPLY
 
 
A BILL FOR
 


SB2574LRB102 12884 RPS 18227 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 
5changing Sections 16-163 and 16-164 as follows:

6 (40 ILCS 5/16-163) (from Ch. 108 1/2, par. 16-163)
7 Sec. 16-163. Board created.  A board of 13 15 members 
8constitutes the
board of trustees authorized to carry out the 
9provisions of this Article and is
responsible for the general 
10administration of the System. The board shall
be known as the 
11Board of Trustees of the Teachers' Retirement System
of the 
12State of Illinois. The board shall be composed of the

13Superintendent of Education, ex officio; 5 7 persons, not 
14members of the System, to be appointed by the Governor,
who 
15shall hold no elected State office; 5 persons who, at the time 
16of their
election, are
teachers as defined in Section 16-106, 
17elected by the
contributing members; and 2 annuitant members 
18elected by the annuitants of the
System, as provided in 
19Section 16-165.
The president of the board shall be appointed 
20by the Governor from among the trustees. 

21(Source: P.A. 101-610, eff. 1-1-20.)





22 (40 ILCS 5/16-164) (from Ch. 108 1/2, par. 16-164)


 
 
SB2574- 2 -LRB102 12884 RPS 18227 b


1 Sec. 16-164. Board; appointed members; vacancies. Terms of 
2office for
the appointed members shall begin on July 15 of an 
3even-numbered year, except that the terms of office for 
4members appointed pursuant to this amendatory Act of the 96th 
5General Assembly shall begin upon being confirmed by the 
6Senate.
The Governor shall appoint 2 or 3 members, whichever 
7is applicable, as trustees with the advice and consent of the 
8Senate in each even-numbered year
who shall hold office for a 
9term of 4 years, except that, of the members appointed 
10pursuant to this amendatory Act of the 96th General Assembly, 
113 members shall be appointed for a term ending July 14, 2012 
12and 3 members shall be appointed for a term ending July 14, 
132014. The Governor shall appoint the additional member 
14authorized under this amendatory Act of the 101st General 
15Assembly with the advice and consent of the Senate for a term 
16beginning on July 15, 2020 and ending July 14, 2022, and 
17successors shall hold office for a term of 4 years. Each such 
18appointee shall reside in and be
a taxpayer in the territory 
19covered by this system, shall be interested
in public school 
20welfare, and experienced and competent in financial and

21business management. A vacancy in the term of an appointed

22trustee shall be filled for the unexpired term by appointment 
23of the
Governor.

24 Notwithstanding any provision of this Section to the 
25contrary, the term of office of each member of the Board 
26appointed by the Governor who is sitting on the Board on the 
 
 
SB2574- 3 -LRB102 12884 RPS 18227 b


1effective date of this amendatory Act of the 96th General 
2Assembly is terminated on that effective date. A trustee 
3sitting on the Board on the effective date of this amendatory 
4Act of the 96th General Assembly may not hold over in office 
5for more than 60 days after the effective date of this 
6amendatory Act of the 96th General Assembly. Nothing in this 
7Section shall prevent the Governor from making a temporary 
8appointment or nominating a trustee holding office on the day 
9before the effective date of this amendatory Act of the 96th 
10General Assembly. 
11(Source: P.A. 101-610, eff. 1-1-20.)



12 Section 99. Effective date. This Act takes effect July 1, 
132021.