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PENSION TRUSTEE TRAINING REQUIREMENTS MAY BE CHANGED

December 26th, 2012

On December 4, 2012, the Illinois Senate added Senate Amendment #3 to House Bill 4666.  If passed by the Illinois House of Representatives, Senate Amendment #3 would give a greater period of time in which to complete the training requirements annunciated in 40 ILCS 5/1-109.3 and 5/1-113.18.  Currently downstate fire and police pension fund trustees are required to complete 32 hours of training in their first year of service and 16 hours of training each year thereafter.  If Senate Amendment #3 becomes law, elected and appointed trustees would be required to complete 32 hours of training in their first 2 years of service and 8 hours every two years thereafter.  As of December 26, 2012, HB 4666 (including Senate Amendment #3) was still pending in the House.  Reimer & Dobrovolny Labor Law PC’s attorneys are monitoring this legislation and will provide an update as information becomes available.