Illinois Gov. Rod R. Blagojevich would appoint the executive directors and board chairmen of the $21 billion Illinois Teachers Retirement System, Springfield, and the $9 billion Illinois State Universities Retirement System, Champaign, under a bill currently in an Illinois House committee. Both plans executive directors and chairmen are currently selected by the boards of each system. The bill, sponsored by Rep. Jay C. Hoffman, D-Collinsville, would also allow the gubernatorial appointments to be made without legislative approval and would let the governor appoint all nine SURS board members and the four governor-appointed members of the teachers system as of June 30 even though some their terms have not expired under existing law.
The bill was referred to the House Executive Committee.