Bill Status of SB 2101   103rd General Assembly


Short Description:  PENCD-FIRE PENSION INVEST FUND

Senate Sponsors
Sen. Robert F. Martwick

Last Action  View All Actions

DateChamber Action
  3/31/2023SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
40 ILCS 5/22C-115
40 ILCS 5/22C-116
40 ILCS 5/22C-119
40 ILCS 5/22C-123

Synopsis As Introduced
Amends the Firefighters' Pension Investment Fund Article of the Illinois Pension Code. Provides that a trustee shall qualify by taking an oath of office before the Secretary of State or the Board's appointed legal counsel (instead of only the Secretary of State). In a provision concerning reimbursement for travel expenses for trustees, removes a reference to the standards in effect for members of the Commission on Government Forecasting and Accountability. In a provision concerning voting for trustees by participants and beneficiaries, removes language requiring the ballot envelope to have a certificate stating that the person voting the ballot is entitled to vote. Provides that a trustee appointed to fill the vacancy of an elected trustee shall serve until a successor is elected. Removes language providing that for a vacancy of an elected trustee occurring with an unexpired term of 6 months or more, an election shall be conducted for the vacancy. Makes a conforming change. Provides that special elections to fill the remainder of an unexpired term vacated by an elected trustee shall be held concurrently with and in the same manner as the next regular election for an elected trustee position. Provides that a copy of the rules adopted by the Fund shall be posted on the Fund's website (instead of filed with the Secretary of State and the Department of Insurance). Makes changes concerning indemnification of the Fund, the board, and the officers and employees of the Fund. Makes other changes.

Actions 
DateChamber Action
  2/9/2023SenateFiled with Secretary by Sen. Robert F. Martwick
  2/9/2023SenateFirst Reading
  2/9/2023SenateReferred to Assignments
  2/28/2023SenateAssigned to Senate Special Committee on Pensions
  3/10/2023SenateDo Pass Senate Special Committee on Pensions; 010-000-000
  3/10/2023SenatePlaced on Calendar Order of 2nd Reading March 21, 2023
  3/28/2023SenateSecond Reading
  3/28/2023SenatePlaced on Calendar Order of 3rd Reading March 29, 2023
  3/31/2023SenateRule 3-9(a) / Re-referred to Assignments

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