PENSIONS-DISCLOSURES Senate SponsorsSen. Larry K. Bomke-John O. Jones-Chris Lauzen-Dave Syverson 1/13/2009SenateSession Sine Die New Act40 ILCS 5/1-124 new30 ILCS 805/8.31 newCreates the Pension Funding and Investments Act. Requires pension plan providers to provide statements to members of a plan that include (1) the actuarial value of the assets and liabilities of the plan, (2) the extent to which the plan is funded, (3) the plan's funding policy, and (4) asset allocations based on the percentage of overall plan assets. Provides that, if a request is made by a contributing employer or labor organization, then a pension plan provider must make available (1) copies of all actuary reports received by the pension plan provider for a plan year and (2) copies of all financial reports prepared by fiduciaries of the pension plan provider. Amends the Illinois Pension Code. Requires a retirement system or pension fund established under the Code to provide a statement to each member and annuitant that includes (1) the actuarial value of the assets and liabilities of the system or fund, (2) the extent to which the system or fund is funded, (3) the extent to which funding is required under this Code, and (4) asset allocations based on the percentage of overall assets of the system or fund. Provides that, if a request is made by a contributing employer or labor organization, then a retirement system or pension fund must make available (1) copies of all actuary reports received by the system or fund for the State fiscal year and (2) copies of all financial reports prepared by fiduciaries of the retirement system or pension fund. Effective immediately. 2/9/2007SenateFiled with Secretary by Sen. Larry K. Bomke 2/9/2007SenateChief Co-Sponsor Sen. John O. Jones 2/9/2007SenateChief Co-Sponsor Sen. Chris Lauzen 2/9/2007SenateChief Co-Sponsor Sen. Dave Syverson 2/9/2007SenateFirst Reading 2/9/2007SenateReferred to Rules 1/13/2009SenateSession Sine Die