HB5750 Summary

• Requires Regional Transportation Authority Board approval for any bonus exceeding 10% of annual salary for employees, officers, or agents of the Chicago Transit Board, Commuter Rail Board, or Suburban Bus Board.

• Requires Regional Transportation Authority Board review and approval of severance agreements and employment-related settlement agreements exceeding $50,000 before execution by Service Boards.

• Board must determine whether terms of agreements are reasonable and in the region's best interest prior to approval.

• Service Boards may only enter into severance or employment-related settlement agreements after receiving prior Board approval.