Bill > SB2826

This bill amends the Illinois Pension Code concerning the Illinois Municipal Retirement Fund (IMRF) Board of Trustees, which oversees the pension system for municipal employees. Specifically, it adds a new provision stating that any individual who has earned "creditable service" – meaning service that counts towards their pension – through direct employment by the IMRF itself is now ineligible to serve as a trustee on the IMRF Board. This change aims to prevent potential conflicts of interest by ensuring that those who manage the fund are not also employees of the fund.

https://www.ilga.gov/Legislation/BillStatus?DocNum=2826&GAID=18&DocTypeID=SB&SessionID=114&GA=104