Bill Status of SB 1389   101st General Assembly

Short Description:  PENCD-ART 3&4-INVSTMENT LIMITS

Senate Sponsors
Sen. Chuck Weaver

Last Action  View All Actions

DateChamber Action
  1/13/2021SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/1-109.1from Ch. 108 1/2, par. 1-109.1
40 ILCS 5/1-110from Ch. 108 1/2, par. 1-110
40 ILCS 5/1-110.6
40 ILCS 5/1-113.1
40 ILCS 5/1-113.4a
40 ILCS 5/1-113.5
40 ILCS 5/1-113.14
40 ILCS 5/1-113.16
40 ILCS 5/1-113.20
40 ILCS 5/1-150
40 ILCS 5/1-113.2 rep.
40 ILCS 5/1-113.3 rep.
40 ILCS 5/1-113.4 rep.

Synopsis As Introduced
Amends the General Provisions Article of the Illinois Pension Code. Removes provisions specifying, based on the net assets of the pension fund, types of investments that a downstate police or downstate firefighter pension fund may make. Removes provisions requiring an investment adviser for investments in certain common and preferred stocks. Removes certain limitations on the percentage of a pension fund's net assets that may be invested in certain types of investments. Makes conforming changes. Effective immediately.

Actions 
DateChamber Action
  2/13/2019SenateFiled with Secretary by Sen. Chuck Weaver
  2/13/2019SenateFirst Reading
  2/13/2019SenateReferred to Assignments
  1/13/2021SenateSession Sine Die

Back To Top