SCHOENBERG. 40 ILCS 5/1-109.3 new Amends the General Provisions Article of the Illinois Pension Code. Requires the adoption and implementation of a responsible contractor policy under which, as a condition of the investment of the assets of a retirement system in real estate, the property owner or manager of the real estate must demonstrate that the construction and building operation contractors and subcontractors are paid fair wages and benefits. Effective immediately. PENSION NOTE (Illinois Pension Laws Commission) The fiscal impact of HB 4164 cannot be determined, as changes in investment returns would depend on any changes made in asset allocation and the resulting performance of those assets. JAN-30-2002 H FILED WITH CLERK JAN-30-2002 H FIRST READING JAN-30-2002 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-05-2002 H ASSIGNED TO COMMITTEE PERS PENSION FEB-15-2002 H PENSION NOTE FILED FEB-15-2002 H COMMITTEE PERS PENSION FEB-22-2002 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary