Bill Status of HB 5521   95th General Assembly


Short Description:  PEN CD-DEFERRED COMP-COGFA

House Sponsors
Rep. Paul D. Froehlich-Rich Brauer-Raymond Poe-Richard P. Myers

Senate Sponsors
(Sen. Gary Forby and Bill Brady)


Last Action  View All Actions

DateChamber Action
  1/13/2009HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/24-105from Ch. 108 1/2, par. 24-105

Synopsis As Introduced
Amends the Illinois Pension Code. In provisions concerning the State Employees Deferred Compensation Plan, provides that the Illinois State Board of Investment may not (i) select any life insurance or annuity contract or mutual fund, or any other investment vehicle, as an investment vehicle or (ii) enter into any contract after the effective date of the amendatory Act or make any amendment to a contract entered into on or before the effective date of the amendatory Act, unless it is first reviewed and approved by the Commission on Government Forecasting and Accountability. Effective immediately.

 Pension Note (Government Forecasting & Accountability)
 HB 5521 does not make any material changes with regard to the investment options that are made available to State employees, and thus will have no fiscal impact.

 Fiscal Note (Government Forecasting & Accountability)
 HB 5521 does not make any material changes with regard to the investment options that are made available to State employees, and thus will have no fiscal impact.

Actions 
DateChamber Action
  2/14/2008HouseFiled with the Clerk by Rep. Paul D. Froehlich
  2/14/2008HouseFirst Reading
  2/14/2008HouseReferred to Rules Committee
  2/22/2008HouseAssigned to State Government Administration Committee
  3/5/2008HouseDo Pass / Short Debate State Government Administration Committee; 013-000-000
  3/6/2008HousePlaced on Calendar 2nd Reading - Short Debate
  3/10/2008HousePension Note Filed
  3/11/2008HouseFiscal Note Filed
  3/11/2008HouseAdded Chief Co-Sponsor Rep. Rich Brauer
  3/11/2008HouseAdded Chief Co-Sponsor Rep. Raymond Poe
  3/11/2008HouseAdded Chief Co-Sponsor Rep. Richard P. Myers
  3/13/2008HouseSecond Reading - Short Debate
  3/13/2008HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/18/2008HouseFinal Action Deadline Extended-9(b) May 9, 2008
  4/30/2008HouseThird Reading - Short Debate - Passed 111-000-000
  5/1/2008SenateArrive in Senate
  5/1/2008SenatePlaced on Calendar Order of First Reading
  5/1/2008SenateChief Senate Sponsor Sen. Gary Forby
  5/1/2008SenateFirst Reading
  5/1/2008SenateReferred to Rules
  5/6/2008SenateAdded as Alternate Co-Sponsor Sen. Bill Brady
  5/15/2008SenateRule 2-10 Committee Deadline Established As May 22, 2008; Substantive House Bills Out of Committee
  1/13/2009HouseSession Sine Die

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