SB 1734 Illinois Senate · 96th Regular Session

STATE-FUNDED PENSION INVESTMNT

Summary

Amends the Illinois Pension Code. Creates the Illinois Public Employees' Retirement System as an investment system for the 5 State-funded retirement systems. Provides for the transfer of assets to the Illinois Public Employees' Retirement System for investment purposes from the Teachers' Retirement System of the State of Illinois, the State Universities Retirement System, and the Illinois State Board of Investments (who currently invests for the General Assembly Retirement System (GARS), the Judges Retirement System of Illinois (JRS), and the State Employees' Retirement System of Illinois (SERS). Makes other changes related to investment and the ethics of investing retirement system and pension fund assets. Amends various Acts concerning ethics and to replace references to the Illinois State Board of Investment with references to the Illinois Public Employees' Retirement System. Effective immediately.

Bill status failed 1 of 4 stages cleared

Introduction

Feb 2009

Committee Review

Floor Vote

Governor

Introduced Feb 19, 2009 Last action Jan 12, 2011

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jan 12, 2011

Senate · Failed

Session Sine Die

Apr 3, 2009

Senate · Referred to committee

Rule 3-9(a) / Re-referred to Assignments

Apr 2, 2009

Senate · Reported by committee

Postponed - Executive; Subcommittee on State and Local Governments

Mar 26, 2009

Senate · Reported by committee

Postponed - Executive; Subcommittee on State and Local Governments

Mar 13, 2009

Senate · Reported by committee

Rule 2-10 Committee Deadline Established As April 3, 2009

Mar 12, 2009

Senate · Reported by committee

To Executive Subcommittee on State And Local Government

Mar 4, 2009

Senate · Referred to committee

Assigned to Executive

Feb 19, 2009

Senate · Referred to committee

Referred to Assignments

0 primary · 1 co-sponsor