PUBLIC EMPLOYEE BENEFITS-TECH

SB 18 is a technical amendment to Section 1-110 of the Illinois Pension Code, which governs prohibited transactions involving public pension funds. It makes a minor wording adjustment to the existing section describing restrictions on transactions between pension funds and "parties in interest," without changing any substantive prohibitions or adding new requirements. The bill directly affects pension fund fiduciaries, trustees, and investment advisors subject to the Illinois Pension Code. This is a procedural update to clarify existing law, not a policy change impacting beneficiaries or fund operations.