IL SB3653 | 2021-2022 | 102nd General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 21 2022 - 25% progression, died in committee
Action: 2022-01-21 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 21 2022 - 25% progression, died in committee
Action: 2022-01-21 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the General Provisions Article of the Illinois Pension Code. Provides that no individual who is an employee of a pension fund, investment board, or retirement system may serve as a trustee of that pension fund, investment board, or retirement system within 12 months after his or her termination of employment. Effective January 1, 2023.
Title
PEN CD-BOARD MEMBERSHIP
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2022-01-21 | Senate | Referred to Assignments |
| 2022-01-21 | Senate | First Reading |
| 2022-01-21 | Senate | Filed with Secretary by Sen. Robert F. Martwick |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 40 | 5 | 1-109.5 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3653&GAID=16&DocTypeID=SB&SessionID=110&GA=102 |
| Text | https://www.ilga.gov/legislation/102/SB/10200SB3653.htm |
