HB2522 Summary

• Amends the Police Officers' Pension Investment Fund Article of the Illinois Pension Code by modifying Section 22B-115 regarding the permanent board of trustees.

• Removes the requirement that the chairperson of the permanent board of trustees must alternate between members elected or appointed under specific subsections.

• Allows the permanent board to select its chairperson from among all trustees for a 2-year term without restrictions on rotation.

• Takes effect immediately upon becoming law.