The Illinois Equal Pay Act of 2003 (820 ILCS 112/1-90) (the Act) prohibits employers from paying unequal wages to men and women doing the same or substantially similar work, requiring equal skill, effort, responsibility and under similar working conditions; unless such wage difference is based upon a seniority system, merit system, a system measuring earnings by quantity or quality of production or factors other than gender.
In accordance with Public Act 96-0006 (the Act), the Illinois State Board of Investment (ISBI) and its Board of Trustees (the Board), which directs the investments for the General Assembly Retirement System, the Judges Retirement System of Illinois, the State Employees Retirement System of Illinois, and the Power Agency Trust, submits the following report to the Governor and the Illinois General Assembly.