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Session Laws, 1994
Volume 773, Page 361   View pdf image
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WILLIAM DONALD SCHAEFER, Governor                               Ch. 6

(8)      TWO TRUSTEES WHO ARE MEMBERS OR RETIREES OF THE
TEACHERS' PENSION SYSTEM OR THE TEACHERS' RETIREMENT SYSTEM, ONLY ONE
OF WHOM MAY BE A RETIREE OF EITHER STATE SYSTEM AT THE TIME OF ELECTION
UNDER SUBSECTION (B) OF THIS SECTION;

(9)      TWO TRUSTEES WHO ARE MEMBERS OR RETIREES OF THE STATE
POLICE RETIREMENT SYSTEM, ONLY ONE OF WHOM MAY BE A RETIREE OF THE
STATE POLICE RETIREMENT SYSTEM;

(10)    ONE TRUSTEE WHO REPRESENTS THE INTERESTS OF
PARTICIPATING GOVERNMENTAL UNITS IN THE EMPLOYEES' PENSION SYSTEM AND
THE EMPLOYEES' RETIREMENT SYSTEM; AND

(11)    TWO TRUSTEES WHO:

(I)       REPRESENT THE INTERESTS OF THE PUBLIC;

(II)     ARE NOT MEMBERS OF ANY OF THE SEVERAL SYSTEMS; AND

(III)    ARE KNOWLEDGEABLE IN THE ADMINISTRATION AND
OPERATION OF PENSION SYSTEMS AND TRUST FUNDS.

(B) SELECTION OF MEMBERS.

(1)      (I) THE TRUSTEES WHO ARE MEMBERS OR RETIREES OF THE
EMPLOYEES' PENSION SYSTEM OR THE EMPLOYEES' RETIREMENT SYSTEM SHALL BE
ELECTED BY THE MEMBERS AND THE RETIREES OF THOSE STATE SYSTEMS.

(II)     THE TRUSTEES WHO ARE MEMBERS OR RETIREES OF THE
TEACHERS' PENSION SYSTEM OR THE TEACHERS' RETIREMENT SYSTEM SHALL BE
ELECTED BY THE MEMBERS AND THE RETIREES OF THOSE STATE SYSTEMS.

(III)    THE ELECTIONS SHALL BE CONDUCTED UNDER REGULATIONS
THAT THE BOARD OF TRUSTEES ADOPTS.

(IV)    A TRUSTEE IS NOT ELIGIBLE FOR REELECTION IF:

1.        THE TRUSTEE BECOMES A RETIREE OF EITHER THE
EMPLOYEES' PENSION SYSTEM OR THE EMPLOYEES' RETIREMENT SYSTEM AND THE
OTHER ELECTED TRUSTEE IS ALREADY A RETIREE OF ONE OF THOSE STATE
SYSTEMS; OR

2.        THE TRUSTEE BECOMES A RETIREE OF EITHER THE
TEACHERS' PENSION SYSTEM OR THE TEACHERS' RETIREMENT SYSTEM AND THE
OTHER ELECTED TRUSTEE IS ALREADY A RETIREE OF ONE OF THOSE STATE
SYSTEMS.

(2)      THE TRUSTEES WHO ARE MEMBERS OR RETIREES OF THE STATE
POLICE RETIREMENT SYSTEM SHALL BE APPOINTED BY THE BOARD OF PUBLIC
WORKS.

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Session Laws, 1994
Volume 773, Page 361   View pdf image
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