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IL SB0272
Bill
AI Summary
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Reduces the total Board of Trustees of the Teachers' Retirement System from 15 members to 13 members.
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Decreases Governor-appointed non-member trustees from 7 to 5 persons on the board.
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Governor-appointed members must reside in and be taxpayers in the system's territory, with interest in public school welfare and experience in financial and business management.
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Board composition remains: Superintendent of Education (ex officio), 5 Governor-appointed non-members, 5 elected teacher members, and 2 elected annuitant members.
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Takes effect July 1, 2024.
Legislative Description
PEN CD-TRS-BOARD OF TRUSTEES
Last Action
Session Sine Die
1/7/2025
Committee Referrals
Assignments3/10/2023
Government Operations2/16/2023
Executive2/7/2023
Assignments1/31/2023
Full Bill Text
No bill text available