Bill > SB1710

This bill amends the Illinois Pension Code to change how retirement systems and pension funds protect their trustees, staff, and consultants from legal claims. Specifically, the bill modifies existing language to make it mandatory (changing "may" to "shall") for these systems to indemnify and protect their trustees, staff, and consultants against damage claims and lawsuits arising from actions taken within the scope of their employment or under the direction of trustees. The bill maintains an important caveat that indemnification does not extend to cases of willful misconduct and gross negligence. Additionally, the bill allows each board to purchase insurance to cover potential losses or liabilities from such damage claims, with the insurance to be obtained from a company licensed to provide coverage in Illinois. The bill also includes an amendment to the State Mandates Act, though the specific details of that amendment are not provided in the given text. The purpose of this bill appears to be providing stronger legal protection for trustees, staff, and consultants of retirement and pension systems, ensuring they can perform their duties without undue fear of personal legal liability.

Labor and Employment

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1710&GAID=18&DocTypeID=SB&SessionID=114&GA=104