SB3140 99TH GENERAL ASSEMBLY

LRB099 19942 RPS 44341 b

99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
SB3140

Introduced 2/19/2016, by Sen. Wm. Sam McCann

SYNOPSIS AS INTRODUCED:

40 ILCS 5/22-803

Amends the Illinois Pension Code. In a provision concerning the Commission on Government Forecasting and Accountability, provides that officers, employees, and agents of pension funds and retirement systems subject to the Code shall cooperate with the Commission and shall upon request provide the Commission with such information and other assistance as it may find necessary or useful for the performance of its duties. Provides that all such requests shall be responded to within 10 business days, unless the Commission agrees to provide additional time. Effective immediately.

PENSION IMPACT NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning public employee benefits.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Pension Code is amended by changing Section 22-803 as follows:

(40 ILCS 5/22-803)

Sec. 22-803. Commission on Government Forecasting and Accountability. The Illinois State Board of Investment and all pension funds and retirement systems subject to this Code, including their officers, employees, and agents, shall cooperate with the Commission on Government Forecasting and Accountability and shall upon request provide the Commission with such information and other assistance as it may find necessary or useful for the performance of its duties. All such requests shall be responded to within 10 business days, unless the Commission on Government Forecasting and Accountability agrees to provide additional time.

(Source: P.A. 93-632, eff. 2-1-04; 93-1067, eff. 1-15-05.)

Section 99. Effective date. This Act takes effect upon becoming law.