92nd General Assembly
Summary of SB1709
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Senate Sponsors:

Short description: 
WWII-SLAVE LABOR-COMPENSATION                                              

Synopsis of Bill as introduced:
        Amends the State Treasurer Act, the Illinois  Pension  Code,  and      
   the  Code  of  Civil  Procedure.  Requires the State Treasurer and the      
   Illinois  State  Board  of  Investment  to  monitor  and   report   on      
   investments  of State moneys, including public pension fund moneys, in      
   companies doing business in Illinois  that  may  owe  compensation  to      
   Second  World  War forced or slave labor victims.  Authorizes a Second      
   World War forced or slave labor victim or heir of  such  a  victim  to      
   bring  an  action  to  recover compensation for forced or slave labor.      
   Provides that such an action may  not  be  dismissed  for  failure  to      
   comply  with  the  applicable  statute of limitations if the action is      
   commenced before January 1, 2013. Effective immediately.                    
          PENSION NOTE (Pension Laws Commission)                               
          SB 1709 requires only monitoring and reporting on investments,       
          therefore there would be no impact on the assets of the funds.       
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: Senate

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


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