Illinois General Assembly - Bill Status for SB1946
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 Bill Status of SB1946  101st General Assembly


Short Description:  FIREFIGHTER PENSION FUND

Senate Sponsors
Sen. Emil Jones, III

Last Action
DateChamber Action
  1/13/2021SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/1-113.4b new


Synopsis As Introduced
Amends the General Provisions Article of the Illinois Pension Code. Provides that a firefighters' pension fund may invest up to 75% of the net present assets in common or preferred stocks. Provides that any corporate bonds held by the pension fund shall be deemed fixed income. Effective immediately.

Actions 
DateChamber Action
  2/15/2019SenateFiled with Secretary by Sen. Emil Jones, III
  2/15/2019SenateFirst Reading
  2/15/2019SenateReferred to Assignments
  1/13/2021SenateSession Sine Die

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