Illinois § 1-109.5 Prohibition on employment for board members

Illinois Statutes

§ 1-109.5 — Prohibition on employment for board members

Illinois § 1-109.5

JurisdictionIllinois

TopicGOVERNMENT

Ch. 40PENSIONS

Act 40 ILCS 5/Illinois Pension Code.

Art.Article 1 - General Provisions: Short Title, Effect Of Code And Other Provisions

This text of Illinois § 1-109.5 (Prohibition on employment for board members) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

40 Ill. Comp. Stat. 1-109.5 (2026).

Text

Except as otherwise provided in this Section and in accordance with Section 5-45 of the State Officials and Employees Ethics Act, no individual who is a board member of a pension fund, investment board, or retirement system may be employed by that pension fund, investment board, or retirement system at any time during his or her service and for a period of 12 months after he or she ceases to be a board member. If a senior administrative staff position becomes vacant and no executive member of the staff is willing to accept the position, an individual serving as a board member may temporarily serve as an interim member of the senior administrative staff of the fund under the following conditions:

(1)the senior administrative staff position is vacant and the board is conducting and document

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Except as otherwise provided in this Section and in accordance with Section 5-45 of the State Officials and Employees Ethics Act, no individual who is a board member of a pension fund, investment board, or retirement system may be employed by that pension fund, investment board, or retirement system at any time during his or her service and for a period of 12 months after he or she ceases to be a board member. If a senior administrative staff position becomes vacant and no executive member of the staff is willing to accept the position, an individual serving as a board member may temporarily serve as an interim member of the senior administrative staff of the fund under the following conditions: (1) the senior administrative staff position is vacant and the board is conducting and documenting a public search for a new permanent replacement who is not a member of the board of trustees of the fund; (2) a majority of the board of trustees of the fund votes to designate a specific board member to serve in the senior administrative staff position; (3) the board-designated interim member of the senior administrative staff does not receive any salary or benefits associated with the position; (4) the board-designated interim member of the senior administrative staff serves for a period of not more than 6 months; and (5) the trustee vacates his or her position as a trustee while serving as an interim member of the senior administrative staff.