Bill Status of SB 1679   97th General Assembly

Short Description:  PEN CD-ART 3 & 4-INVESTMENT

Senate Sponsors
Sen. Jeffrey M. Schoenberg

Last Action  View All Actions

DateChamber Action
  1/8/2013SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/3-132from Ch. 108 1/2, par. 3-132
40 ILCS 5/3-140.2 new
40 ILCS 5/4-123from Ch. 108 1/2, par. 4-123
40 ILCS 5/4-129.2 new
40 ILCS 5/7-174from Ch. 108 1/2, par. 7-174
40 ILCS 5/7-175from Ch. 108 1/2, par. 7-175
40 ILCS 5/7-175.1from Ch. 108 1/2, par. 7-175.1
40 ILCS 5/7-199.4 new

Synopsis As Introduced
Amends the Downstate Police, Downstate Firefighters, and Illinois Municipal Retirement Fund (IMRF) Articles of the Illinois Pension Code. Requires the board of each downstate police and downstate firefighter fund to transfer to the board of trustees of the Illinois Municipal Retirement Fund, for management and administration, all investments owned by those funds. Terminates, upon completion of the transfer, the authority of the boards of each downstate police and downstate firefighter fund to make investments. Charges the board of trustees of the Illinois Municipal Retirement Fund with controlling and managing the investment expenditures and income, including interest dividends, capital gains, and other distributions on the investments of the downstate police and downstate firefighter funds. Provides for the election of a police officer trustee and a firefighter trustee to the board of trustees of the Illinois Municipal Retirement Fund.

Actions 
DateChamber Action
  2/9/2011SenateFiled with Secretary by Sen. Jeffrey M. Schoenberg
  2/9/2011SenateFirst Reading
  2/9/2011SenateReferred to Assignments
  3/2/2011SenateAssigned to Pensions and Investments
  3/10/2011SenatePostponed - Pensions and Investments
  3/17/2011SenatePostponed - Pensions and Investments
  3/18/2011SenateRule 3-9(a) / Re-referred to Assignments
  1/8/2013SenateSession Sine Die

Back To Top