HB 3400 Illinois House · 95th Regular Session

PENS CD-BDS-FINANCL EXPERIENCE

Summary

Amends the Illinois Pension Code. Makes changes concerning the composition of the boards of trustees of the retirement systems and pension funds. Provides for appointment to the boards of trustees of members who do not hold any other public office, who are not participants in the fund, and who have a minimum of 5 years of experience in the direct management, analysis, supervision, or investment of assets. Requires that all members of the boards of trustees who do not have a minimum of 5 years of experience in the direct management, analysis, supervision, or investment of assets must undergo annual financial training. Makes other changes. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Bill status failed 1 of 4 stages cleared

Introduction

Feb 2007

Committee Review

Floor Vote

Governor

Introduced Feb 26, 2007 Last action Jan 13, 2009

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jan 13, 2009

House · Failed

Session Sine Die

Mar 23, 2007

House · Referred to committee

Rule 19(a) / Re-referred to Rules Committee

Mar 21, 2007

House · Reported by committee

Remains in State Government Administration Committee

Mar 21, 2007

House · Failed in committee

Motion Do Pass as Amended - Lost State Government Administration Committee; 005-005-000

Mar 21, 2007

House · Amendment adopted

House Committee Amendment No. 1 Adopted in State Government Administration Committee; by Voice Vote

Mar 21, 2007

House · Amendment offered

House Committee Amendment No. 1 Filed with Clerk by State Government Administration Committee

Mar 1, 2007

House · Referred to committee

Assigned to State Government Administration Committee

Feb 26, 2007

House · Referred to committee

Referred to Rules Committee

0 primary · 1 co-sponsor