Illinois House Bill 1568 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 30 2019 - 25% progression, died in committee
Action: 2019-03-29 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Pension Code. Moves the investment power for eligible downstate police and downstate firefighter pension funds that have net assets in trust that exceed an amount equal to 3 months of current liabilities to the Board of Trustees of the Illinois Municipal Retirement Fund (IMRF). Provides that within 24 months after the effective date of the amendatory Act, the Department of Insurance shall audit the investment assets of each eligible pension fund to determine a certified investment asset list. Provides that upon receipt of the certified investment asset list, the Board of IMRF shall initiate the transfer of assets from the board of trustees of the eligible pension fund to the Board of IMRF. Makes conforming changes. Amends the State Mandates Act to require implementation without reimbursement.

PEN CD-POLICE/FIRE INVESTMENT

Rep. Ryan Spain [R]

Date	Chamber	Action
2019-03-29	House	Rule 19(a) / Re-referred to Rules Committee
2019-02-21	House	To Pension Reform Subcommittee
2019-02-13	House	Assigned to Personnel & Pensions Committee
2019-02-01	House	Chief Sponsor Changed to Rep. Ryan Spain
2019-02-01	House	Referred to Rules Committee
2019-02-01	House	First Reading
2019-01-30	House	Filed with the Clerk by Rep. Jim Durkin

Chapter	Article	Section	Citation Type	Statute Text
30	805	8.43	New Code	See Bill Text
40	5	1-101.6	New Code	See Bill Text
40	5	1-101.7	New Code	See Bill Text
40	5	1-113.05	New Code	See Bill Text
40	5	1-113.1	Amended Code	Citation Text
40	5	1-113.2	Amended Code	Citation Text
40	5	1-113.3	Amended Code	Citation Text
40	5	1-113.4	Amended Code	Citation Text
40	5	1-113.4a	Amended Code	Citation Text
40	5	1-113.5	Amended Code	Citation Text
40	5	1-113.6	Amended Code	Citation Text
40	5	1-113.7	Amended Code	Citation Text
40	5	3-127	Amended Code	Citation Text
40	5	3-132	Amended Code	Citation Text
40	5	3-135	Amended Code	Citation Text
40	5	3-135.1	New Code	See Bill Text
40	5	3-135.2	New Code	See Bill Text
40	5	4-120	Amended Code	Citation Text
40	5	4-123	Amended Code	Citation Text
40	5	4-128	Amended Code	Citation Text
40	5	4-128.1	New Code	See Bill Text
40	5	4-128.2	New Code	See Bill Text
40	5	7-226	New Code	See Bill Text
40	5	7-227	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1568&GAID=15&DocTypeID=HB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/HB/10100HB1568.htm