If enacted, SB2101 would affect the governance structure of the Firefighters' Pension Investment Fund. It emphasizes clearer roles for trustees and simplifies certain operational processes, which may enhance both accountability and efficiency within the fund's management. By removing redundant requirements, the bill aims to facilitate smoother trustee elections and transitions, lessening bureaucratic obstacles that could impede prompt governance.
Summary
SB2101 amends the Firefighters' Pension Investment Fund Article of the Illinois Pension Code. The bill aims to streamline the qualifications for trustees of the fund by allowing them to take an oath of office before either the Secretary of State or the Board's appointed legal counsel. The bill also modifies existing provisions related to the reimbursement of travel expenses and makes changes concerning the voting process for trustees, specifically eliminating the requirement for a certificate on ballot envelopes confirming voter eligibility. This legislative effort seeks to modernize and improve the operational aspects of the pension fund for firefighters.