IL SB3747 | 2019-2020 | 101st General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Democrat 2-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the General Provisions Article of the Illinois Pension Code. Provides that a trustee on the board of trustees of a pension fund, board of investment, or investment fund established under the Chicago Police, Chicago Firefighter, Illinois Municipal Retirement Fund (IMRF), Chicago Municipal, Cook County, Chicago Laborers, Chicago Park District, Metropolitan Water Reclamation District (MWRD), State Universities, Downstate Teachers, Chicago Teachers, Illinois State Board of Investment, Police Officers' Pension Investment Fund, or Firefighters' Pension Investment Fund Article shall, no later than 6 months after first becoming a trustee and at least once every 3 years thereafter, complete a minimum of 2 hours of continuing education regarding the requirements of and obligations under certain provisions of the Code concerning fiduciary duties, investment policies, and investment sustainability. Provides that a person who is a trustee on the effective date of the amendatory Act shall complete the training no later than 6 months after the effective date of the amendatory Act and at least once every 3 years thereafter. Effective immediately.
Title
PEN CD-TRUSTEE-CONTINUING ED
Sponsors
History
Date | Chamber | Action |
---|---|---|
2021-01-13 | Senate | Session Sine Die |
2020-12-01 | Senate | Chief Sponsor Changed to Sen. Don Harmon |
2020-05-15 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2020 |
2020-05-07 | Senate | Rule 2-10 Third Reading/Passage Deadline Established As May 29, 2020 |
2020-05-07 | Senate | Rule 2-10 Committee Deadline Established As May 22, 2020 |
2020-04-30 | Senate | Rule 2-10 Third Reading/Passage Deadline Established As May 22, 2020 |
2020-04-30 | Senate | Rule 2-10 Committee Deadline Established As May 15, 2020 |
2020-04-23 | Senate | Rule 2-10 Third Reading/Passage Deadline Established As May 15, 2020 |
2020-04-23 | Senate | Rule 2-10 Committee Deadline Established As May 7, 2020 |
2020-04-16 | Senate | Rule 2-10 Committee Deadline Established As April 30, 2020 |
2020-04-12 | Senate | Pursuant to Senate Rule 3-9(b) / Referred to Assignments |
2020-03-25 | Senate | Rule 2-10 Third Reading/Passage Deadline Established As May 7, 2020 |
2020-03-25 | Senate | Rule 2-10 Committee Deadline Established As April 24, 2020 |
2020-03-18 | Senate | Rule 2-10 Committee Deadline Established As April 2, 2020 |
2020-03-18 | Senate | Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins |
2020-03-12 | Senate | Assigned to Government Accountability and Ethics |
2020-02-14 | Senate | Referred to Assignments |
2020-02-14 | Senate | First Reading |
2020-02-14 | Senate | Filed with Secretary by Sen. Iris Y. Martinez |
Code Citations
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3747&GAID=15&DocTypeID=SB&SessionID=108&GA=101 |
Text | https://www.ilga.gov/legislation/101/SB/10100SB3747.htm |