Illinois HB4575 amends the Illinois Pension Code to change the election process for trustees of the Chicago Teachers' Pension Fund.
Illinois HB4575 amends the Illinois Pension Code to modify the election process for trustees of the Chicago Teachers' Pension Fund. The bill changes the deadline for filing candidacy petitions for trustees elected by contributors who are not administrators to October 1 of the election year. It also specifies that vacancies on the Board can be filled at any regular meeting of the Board. The bill takes effect immediately upon becoming law.
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