Sec. 1-109.5. Prohibition on employment for board members.
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/il/chapter-40/act-5/1-109-5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 1-109.5. Prohibition on employment for board members. 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.