PEN CD-ART 4 FUND INVESTMENTS
Summary
Amends the Illinois Pension Code. Gives downstate firefighter pension funds the same investment authority as all of the other retirement systems and pension funds (excluding downstate police pension funds) under the Code. Removes references to downstate firefighter pension funds in various provisions regarding investment authority that were formerly applicable only to downstate police and downstate firefighter pension funds. Requires the board of trustees of a downstate firefighter pension fund to appoint investment advisers (was discretionary). Amends the State Mandates Act to require implementation without reimbursement.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2008
Committee Review
Floor Vote
Governor
Introduced Feb 11, 2008
Last action Jan 13, 2009
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
0
Committee
1
Jan 13, 2009
House · Failed
Session Sine Die
Feb 11, 2008
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Lisa M. Dugan
DDemocratic
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