90th General Assembly
Summary of SB0097
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Senate Sponsors:

Short description: 
PENCD-DNST POL & FIRE-INVSTMTS                                             

Synopsis of Bill as introduced:
        Amends  the  Illinois  Pension  Code  to  expand  the  investment      
   authority  of  downstate  police  and  fire  pension  funds.    Adopts      
   provisions relating to fiduciaries and investment  advisers.    Amends      
   the   Illinois  Securities  Law  of  1953  to  specify  that  dealers,      
   salespersons, and investment advisers may be disciplined  for  causing      
   or advising a public pension fund to make an investment or engage in a      
   transaction not authorized under the Illinois Pension Code.  Effective      
          PENSION IMPACT NOTE                                                  
          There could be an increase in annual investment returns of           
          0.75%, approximately $479.7 million over 10 years. This esti-        
          mate assumes all eligible pension funds will invest 35% of           
          assets in equities (mutual funds or stocks).                         
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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