Illinois SB1707 amends the Chicago Police Article of the Illinois Pension Code to adjust the composition and terms of the Retirement Board of the.
Illinois SB1707 amends the Chicago Police Article of the Illinois Pension Code to change the composition and terms of the Retirement Board of the Policemen's Annuity and Benefit Fund. The bill increases the board from 8 to 9 members, with 4 appointed by the mayor and 4 policemen employed by the city, including a lieutenant or superior, a sergeant, an investigator or inferior rank, and an annuitant. The terms for lieutenants, sergeants, and investigators are set at 3 years, while annuitants serve 4 years.
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