Illinois General Assembly - Bill Status for SB3317
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 Bill Status of SB3317  99th General Assembly


Short Description:  PENCD-DNST POL & FIRE-ISBI

Senate Sponsors
Sen. Jim Oberweis

Last Action
DateChamber Action
  1/10/2017SenateSession Sine Die

Statutes Amended In Order of Appearance
5 ILCS 100/5-45from Ch. 127, par. 1005-45
40 ILCS 5/1-101.6 new
40 ILCS 5/1-101.7 new
40 ILCS 5/1-109.3
40 ILCS 5/1-113.05 new
40 ILCS 5/1-113.1
40 ILCS 5/1-113.2
40 ILCS 5/1-113.3
40 ILCS 5/1-113.4
40 ILCS 5/1-113.4a
40 ILCS 5/1-113.5
40 ILCS 5/1-113.6
40 ILCS 5/1-113.7
40 ILCS 5/1-136 new
40 ILCS 5/1A-112
40 ILCS 5/1A-113
40 ILCS 5/3-125from Ch. 108 1/2, par. 3-125
40 ILCS 5/3-127from Ch. 108 1/2, par. 3-127
40 ILCS 5/3-132from Ch. 108 1/2, par. 3-132
40 ILCS 5/3-135from Ch. 108 1/2, par. 3-135
40 ILCS 5/3-135.1 new
40 ILCS 5/3-135.2 new
40 ILCS 5/4-118from Ch. 108 1/2, par. 4-118
40 ILCS 5/4-120from Ch. 108 1/2, par. 4-120
40 ILCS 5/4-123from Ch. 108 1/2, par. 4-123
40 ILCS 5/4-128from Ch. 108 1/2, par. 4-128
40 ILCS 5/4-128.1 new
40 ILCS 5/4-128.2 new
40 ILCS 5/22A-110.1 new
40 ILCS 5/22A-113from Ch. 108 1/2, par. 22A-113
40 ILCS 5/22A-113.1from Ch. 108 1/2, par. 22A-113.1
40 ILCS 5/22A-113.4 new
40 ILCS 5/22A-115from Ch. 108 1/2, par. 22A-115
40 ILCS 5/22A-115.1 new
30 ILCS 805/8.40 new


Synopsis As Introduced
Amends the Illinois Pension Code. Moves the investment power for eligible downstate police and downstate firefighter pension funds to the Illinois State Board of Investment. Reduces the amount of training required for trustees of those pension funds. Makes conforming changes. Changes all downstate police and firefighter pension funds to a fiscal year beginning May 1. Doubles the annual compliance fee paid by the funds to the Department of Insurance. Requires the Department of Insurance to impose penalties of up to $2,000 per day for noncompliance with certain provisions relating to the transfer of investment assets. Authorizes emergency rulemaking and amends the Illinois Administrative Procedure Act to add a conforming provision. Amends the State Mandates Act to require implementation without reimbursement.

Actions 
DateChamber Action
  2/19/2016SenateFiled with Secretary by Sen. Dan Duffy
  2/19/2016SenateFirst Reading
  2/19/2016SenateReferred to Assignments
  3/8/2016SenateAssigned to Licensed Activities and Pensions
  3/16/2016SenateRe-referred to Executive
  3/23/2016SenateChief Sponsor Changed to Sen. Jim Oberweis
  4/8/2016SenateRule 2-10 Committee Deadline Established As April 22, 2016
  4/22/2016SenateRule 3-9(a) / Re-referred to Assignments
  1/10/2017SenateSession Sine Die

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