Bill Status of HB 4891   95th General Assembly

Short Description:  PEN CD-ART 4 FUND INVESTMENTS

House Sponsors
Rep. Lisa M. Dugan and Linda Chapa LaVia

Last Action  View All Actions

DateChamber Action
  1/13/2009HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/1-113from Ch. 108 1/2, par. 1-113
40 ILCS 5/1-113.1
40 ILCS 5/1-113.2
40 ILCS 5/1-113.3
40 ILCS 5/1-113.4
40 ILCS 5/1-113.5
40 ILCS 5/1-113.8
40 ILCS 5/1-113.12
30 ILCS 805/8.32 new

Synopsis As Introduced
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.

Actions 
DateChamber Action
  2/11/2008HouseFiled with the Clerk by Rep. Lisa M. Dugan
  2/11/2008HouseFirst Reading
  2/11/2008HouseReferred to Rules Committee
  3/10/2008HouseAdded Co-Sponsor Rep. Linda Chapa LaVia
  1/13/2009HouseSession Sine Die

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