SB 1698

Abstract

Amends the General Provisions Article of the Illinois Pension Code. Provides that any open meeting of the board of trustees of a retirement system or pension fund or any committee established by a retirement system or pension fund must be broadcast to the public and maintained in real-time on the retirement system's or pension fund's website using a high-speed Internet connection. Provides that the broadcast and maintenance requirements for open meetings do not apply to a pension fund established under the Downstate Police Article or the Downstate Firefighter Article of the Code or to the portion of a hearing or meeting of any pension fund or retirement system during which medical information or other privileged information of participants and beneficiaries will be discussed or presented. Amends the State Mandates Act to require implementation without reimbursement by the State. Effective July 1, 2020. House Committee Amendment No. 2 Deletes reference to: 40 ILCS 5/1-113.16 30 ILCS 805/8.43 new Adds reference to: 50 ILCS 145/25 Replaces everything after the enacting clause. Amends the Local Government Officer Compensation Act. Provides that language reducing an elected officer's compensation to zero if he or she is receiving specified pension benefits from the Illinois Municipal Retirement Fund does not apply to a unit of local government that has adopted an ordinance or resolution effective prior to January 1, 2019 that: (i) reduces the compensation of an official of the unit of local government who is receiving specified pension benefits from the Illinois Municipal Retirement Fund; and (ii) changes the official's position to part-time. Effective immediately.