State Retirement Systems' of Illinois Rules & Personnel Committee met April 24.
Here is the minutes as provided by the committee:
The Rules and Personnel Committee of the Board of Trustees of the State Employees’
Retirement System of Illinois convened on Monday, April 24, 2017 at 2:00 p.m. at the System’s
Springfield office located at 2101 South Veterans Parkway.
The following trustees were in attendance:
Alan Latoza, Chairman
Danny Silverthorn, Trustee
Others in attendance were:
Timothy Blair, Executive Secretary
Jeff Houch, Assistant to the Executive Secretary
Jeremy “Tad” Hawk, Trustee
The meeting was called to order at 2:00 p.m. Assistant to the Executive Secretary Jeff Houch
took the roll call.
Public Comments
There were no members of the public present.
Chairmen's Report
Chairman Latoza had nothing to report.
Report of Any Trustee
No Trustee offered a report.
Approval of Minutes of the January 9th, 2017 Meeting
Trustee Silverthorn motioned to approve the minutes of the January 9, 2017 meeting of the
committee, Chairman Latoza seconded the motion. The motion passed unanimously.
Review of Proposed Rules
Mr. Houch provided an update regarding rules that had taken effect of March 22, 2017 as well as
the status of HB 2496, which represents administrative changes to the SERS article of statute.
Mr. Houch mentioned that HB 2496 passed the House on March 29, 2017 and Senator Omar
Aquino had filed to sponsor the bill in the Senate. He indicated that it is likely such bill will pass
the Senate prior to the end of May.
Evaluation of Executive Secretary
The committee discussed compensation levels of SERS management staff. Specifically, how
such levels measured to comparable management employees at other regional retirement
Systems. After some discussion, it was determined that the committee should produce an
evaluation of Secretary Blair in the near future.
Old Business
There was no old business.
New Business
There was no new business.
Adjournment
There being no further business to be brought before the committee, the meeting was adjourned
at 3:00 p.m.
https://www.srs.illinois.gov/PDFILES/Minutes/Personnell_min/PersSub_April17.pdf
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