State Retirement System of Illinois

Bruce Rauner, Governor

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   SERS Board Resolution   

SERS Board Resolution

(April 8, 2014)

Be it resolved that the SERS Board of Trustees

(1)   express our concerns about the serious implementation issues SERS faces as we struggle to prepare for the effective date of the new pension law and for the burden SERS will face if the law is implemented and then found unconstitutional,

(2)   request that the Attorney General seek or agree to a stay of the new law's implementation until the lawsuits that challenge the new law's constitutionality are finally completed, and

(3)   if the Attorney General will not comply with point (2), request that the Board of Trustees be allowed to select its own counsel to defend SERS and the Board in the lawsuits that name them as defendants so that SERS and the Board are able to express their position in the lawsuits and seek or agree to a stay of implementation of the new law until the lawsuits that challenge the new law's constitutionality are finally completed.

Passed Unanimously

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