Illinois Senate Bill 2525 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Democrat 1)
Status: Engrossed on March 12 2010 - 50% progression, died in committee
Action: 2010-05-28 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Engrossed) [HTML]

Amends the Illinois Pension Code. Requires that every retirement system, pension fund or other system or fund established under the Code indemnify and protect the trustees, staff, and consultants against all damage claims and suits when damages are sought for negligent or wrongful acts alleged to have been committed in the scope of employment or under the direction of the trustees (indemnification was discretionary). Provides that a retirement system's, pension fund's, or investment board's goals for the management of assets in specific asset classes by emerging investment managers shall be based on the percentage of total dollar amount of assets to be managed for investment service contracts (rather than the percentage of total dollar amount of investment service contracts) let to minority owned businesses, female owned businesses, and businesses owned by a person with a disability. In provisions concerning prohibition on gifts, provides that solicitation or acceptance of costs associated with educational purposes is not prohibited. Effective immediately.

PEN CD-ART 1-FIDUCIARIES

Sen. Iris Martinez [D]

2010-03-12 - Senate - Third Reading in Senate (Y: 51 N: 0 NV: 8 Abs: 0) [PASS]

Date	Chamber	Action
2010-05-28		Rule 19(a) / Re-referred to Rules Committee
2010-05-07		Final Action Deadline Extended-9(b) May 28, 2010
2010-05-05		Placed on Calendar Order of 3rd Reading - Short Debate
2010-05-05		Second Reading - Short Debate
2010-04-22		Placed on Calendar 2nd Reading - Short Debate
2010-04-22		Do Pass / Short Debate Personnel and Pensions Committee; 007-000-000
2010-03-22		Assigned to Personnel and Pensions Committee
2010-03-12		Referred to Rules Committee
2010-03-12		First Reading
2010-03-12		Placed on Calendar Order of First Reading
2010-03-12		Chief House Sponsor Rep. Dan Reitz
2010-03-12		Arrived in House
2010-03-12		Senate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
2010-03-12		Third Reading - Passed; 051-000-000
2010-03-11		Placed on Calendar Order of 3rd Reading March 12, 2010
2010-03-11		Second Reading
2010-03-08		Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
2010-03-04		Placed on Calendar Order of 2nd Reading March 9, 2010
2010-03-04		Do Pass as Amended Pensions and Investments; 008-000-000
2010-03-04		Senate Committee Amendment No. 1 Postponed - Pensions and Investments
2010-03-03		Senate Committee Amendment No. 2 Adopted
2010-03-02		Senate Committee Amendment No. 2 Assignments Refers to Pensions and Investments
2010-02-26		Senate Committee Amendment No. 2 Referred to Assignments
2010-02-26		Senate Committee Amendment No. 2 Filed with Secretary by Sen. Iris Y. Martinez
2010-02-24		Senate Committee Amendment No. 1 Assignments Refers to Pensions and Investments
2010-02-23		Senate Committee Amendment No. 1 Referred to Assignments
2010-02-23		Senate Committee Amendment No. 1 Filed with Secretary by Sen. Iris Y. Martinez
2010-02-10		Assigned to Pensions and Investments
2010-01-12		Referred to Assignments
2010-01-12		First Reading
2010-01-12		Filed with Secretary by Sen. Iris Y. Martinez

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2525&GAID=10&DocTypeID=SB&SessionID=76&GA=96
Text	https://www.ilga.gov/legislation/96/SB/09600SB2525.htm
Text	https://www.ilga.gov/legislation/96/SB/09600SB2525eng.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/96/senate/09600SB2525_03122010_010000T.pdf