Illinois SB 1456: PEN CD-BOARD MEMBER TRAINING

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
SB1456

Introduced 1/31/2025, by Sen. Robert F. Martwick 

SYNOPSIS AS INTRODUCED:

40 ILCS 5/1-109.4 new

 Amends the General Provisions Article of the Illinois Pension Code. Provides that the amendatory Act may be referred to as the Pension Board Member Training Act. Provides that the Department of Insurance shall develop and implement a curriculum designed to provide pension board members with necessary education on specified topics, including legal and fiduciary responsibilities, investment strategies, ethical considerations, and actuarial assessments and reporting requirements. Provides that the curriculum shall be made available online to all pension board members. Requires every pension board member to complete the training provided by the Department on an annual basis. Provides that attendance at pension board meetings shall not be deemed to fulfill the annual training requirement. Sets forth provisions concerning definitions; Department responsibilities and rulemaking; and documentation.

LRB104 09627 RPS 19692 b

A BILL FOR

SB1456LRB104 09627 RPS 19692 b

1 AN ACT concerning public employee benefits.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 1. The Act may be referred to as the Pension Board 

5Member Training Act. 

6 Section 5. The Illinois Pension Code is amended by adding 

7Section 1-109.4 as follows:

8 (40 ILCS 5/1-109.4 new)

9 Sec. 1-109.4. Pension board member training. 

10 (a) In this Section:

11 "Pension board" means any governing body, committee, or 

12group responsible for overseeing or mana