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IL HB3474

Bill

Official Source

Status

Passed

8/20/2021

Primary Sponsor

Michael Halpin

Click for details

Origin

House of Representatives

102nd General Assembly

AI Summary

  • Amends the Illinois Municipal Retirement Fund (IMRF) provisions in the Illinois Pension Code regarding board of trustees composition
  • Prohibits a person who qualifies as an executive trustee (chief executive officer, chief finance officer, or other officer/executive/department head) from serving as an employee trustee
  • Maintains the existing 8-member board structure: 4 executive trustees, 3 employee trustees, and 1 annuitant trustee
  • Takes effect immediately upon becoming law (enacted as Public Act 102-0479)

Legislative Description

PEN CD-IMRF-BOARD TRUSTEES

Last Action

Public Act . . . . . . . . . 102-0479

8/20/2021

Committee Referrals

Pensions5/10/2021
Assignments4/23/2021
Personnel & Pensions3/16/2021
Rules2/22/2021

Full Bill Text

No bill text available