PUBLIC EMPLOYEE BENEFITS-TECH

SB 672 is a technical amendment to Section 1-110 of the Illinois Pension Code, which governs prohibited transactions for pension fund fiduciaries. It makes a minor wording correction to the existing section that lists prohibited activities (such as unfair asset transfers or loans to related parties) but does not change any substantive rules or protections. The bill directly affects pension fund fiduciaries, board members, and employees who manage retirement systems under Illinois law. This is a procedural update with no new policy requirements or impacts on public employees or beneficiaries.