IL HB3746

Adds a 10th member to the permanent board of trustees of the Firefighters' Pension Investment Fund, to be appointed by the Governor from candidates recommended by a statewide association representing fire protection districts

Requires at least one of the three elected municipal/fire district representative trustees to be from a fire protection district, with a special election rule ensuring fire protection district representation if initial vote results would exclude them

Increases quorum requirement for the permanent board from 6 members to 7 members

Raises voting thresholds for permanent board actions from 5 to 6 trustees for standard actions, and from 6 to 7 trustees for major decisions including actuarial assumptions, chief investment officer selection, and adoption of asset allocation and investment policies

Takes effect immediately upon becoming law