MADIGAN,R-MAITLAND-BERMAN-FITZGERALD-CULLERTON, O'MALLEY, MOLARO AND VIVERITO. (HOEFT) 40 ILCS 5/1-116 from Ch. 108 1/2, par. 1-116 40 ILCS 5/1-118 new 40 ILCS 5/15-167 from Ch. 108 1/2, par. 15-167 40 ILCS 5/16-179 from Ch. 108 1/2, par. 16-179 40 ILCS 5/17-146 from Ch. 108 1/2, par. 17-146 40 ILCS 5/17-146.1 from Ch. 108 1/2, par. 17-146.1 40 ILCS 5/22A-112 from Ch. 108 1/2, par. 22A-112 40 ILCS 5/22A-114 from Ch. 108 1/2, par. 22A-114 Amends the Illinois Pension Code. Amends the General Provisions Article to make the provisions relating to federal limitations under Section 415 of the U.S. Internal Revenue Code apply to all retirement systems subject to the Pension Code. Permits each retirement system to define its own Section 415 limitation year. Requires all public employee pension funds to comply with the requirements imposed on them by the federal Uniformed Services Employment and Reemployment Rights Act. Amends the State Board of Investment Article, the State Universities Article, and the Downstate and Chicago Teacher Articles to require that investments be carried at cost or a value determined in accordance with generally accepted accounting principles. Also removes the 50% investment limitation on equity investments by the Chicago Teachers pension fund. Amends the State Board of Investment Article to remove the requirement that a bank or trust company used for the registration of securities be domiciled in Illinois. Effective immediately. PENSION IMPACT NOTE No fiscal impact. PENSION IMPACT NOTE, ENGROSSED No change from the first pension impact note. HOUSE AMENDMENT NO. 1. Makes a technical change. 97-01-23 S FIRST READING 97-01-23 S REFERRED TO SENATE RULES COMMITTEE RULES 97-01-28 S ASSIGNED TO COMMITTEE INS & PENS. 97-02-06 S ADDED AS A CHIEF CO-SPONSOR BERMAN 97-02-06 S ADDED AS A CHIEF CO-SPONSOR FITZGERALD 97-02-06 S ADDED AS A CHIEF CO-SPONSOR CULLERTON 97-02-06 S ADDED AS A CO-SPONSOR PETERSON 97-02-06 S ADDED AS A CO-SPONSOR O'MALLEY 97-02-06 S ADDED AS A CO-SPONSOR MOLARO 97-02-06 S ADDED AS A CO-SPONSOR VIVERITO 97-02-11 S PENSION NOTE FILED 97-02-26 S DO PASS 008-000-000 SINS 97-02-26 S PLACED ON CALENDAR ORDER OF 2ND READING 97-02-27 97-02-27 S SECOND READING 97-02-27 S PLACED ON CALENDAR ORDER OF 3RD READING 97-02-28 97-02-28 S THIRD READING - PASSED 056-000-000 97-02-28 H ARRIVE IN HOUSE 97-02-28 H PLACED CALENDAR ORDER OF FIRST READING 97-03-20 H HOUSE SPONSOR HOEFT 97-03-21 H FIRST READING 97-03-21 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-04-08 H ASSIGNED TO COMMITTEE PERS PENSION 97-04-11 H PENSION NOTE FILED 97-04-11 H COMMITTEE PERS PENSION 97-05-08 H AMENDMENT NO. 01-PERS PENSION H 97-05-08 H ADOPTED 97-05-08 H DO PASS AMENDED/SHORT DEBATE 013-000-000 HPPN 97-05-08 H PLACED CALENDAR 2ND READING-SHORT DEBATE 97-05-12 H SECOND READING-SHORT DEBATE 97-05-12 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 97-05-13 H THIRD READING/SHORT DEBATE/PASSED 113-000-000 97-05-14 S SECRETARYS DESK - CONCURRENCE 01 97-05-19 S FILED WITH SECRETARY 97-05-19 S MOTION NON-CONCUR - HOUSE AMENDMENT NO 01-MADIGAN 97-05-20 S SEN NON-CONCURS IN HSE AMENDMENTS (NO.) 01 97-05-20 H ARRIVE IN HOUSE 97-05-20 H PLACED CALENDAR ORDER NON-CONCURRENCE 01 97-05-27 H MOTION REFUSE RECEDE - HSE AMEND NO 01/HOEFT 97-05-27 H HSE REFUSES TO RECEDE FROM AMENDMENT NO 01 97-05-27 H HSE REQUESTS CONFERENCE COMMITTEE 1ST 97-05-27 H HSE CONFERENCE COMMITTEE APPOINTED 1ST/MURPHY, 97-05-27 H DEERING, HANNIG, 97-05-27 H CHURCHILL & HOEFT 97-05-28 S SEN ACCEDE REQUEST CONFERENCE COMMITTEE 1ST 97-05-28 S SEN CONFERENCE COMMITTEE APPOINTED 1ST/MADIGAN, 97-05-28 S WALSH,T, O'MALLEY, 97-05-28 S JACOBS, MOLARO 99-01-12 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary