PUBLIC EMPLOYEE BENEFITS-TECH

HB 1249 is a technical correction to Section 1-110 of the Illinois Pension Code, which governs prohibited transactions involving pension funds. It makes a minor administrative update to the section’s language but does not change any existing prohibitions or add new requirements. The bill directly affects pension fund fiduciaries and investment boards, though it does not alter their current obligations under the law. This is a procedural amendment with no substantive policy changes.