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SB 3747

  • Illinois Senate Bill
  • 101st Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Pen Cd-Trustee-Continuing Ed

Abstract

Amends the General Provisions Article of the Illinois Pension Code. Provides that a trustee on the board of trustees of a pension fund, board of investment, or investment fund established under the Chicago Police, Chicago Firefighter, Illinois Municipal Retirement Fund (IMRF), Chicago Municipal, Cook County, Chicago Laborers, Chicago Park District, Metropolitan Water Reclamation District (MWRD), State Universities, Downstate Teachers, Chicago Teachers, Illinois State Board of Investment, Police Officers' Pension Investment Fund, or Firefighters' Pension Investment Fund Article shall, no later than 6 months after first becoming a trustee and at least once every 3 years thereafter, complete a minimum of 2 hours of continuing education regarding the requirements of and obligations under certain provisions of the Code concerning fiduciary duties, investment policies, and investment sustainability. Provides that a person who is a trustee on the effective date of the amendatory Act shall complete the training no later than 6 months after the effective date of the amendatory Act and at least once every 3 years thereafter. Effective immediately.

Bill Sponsors (2)

Iris Y. Martinez

  • Democratic
  • upper
  • 20
Primary

Jacqueline Y. Collins

  • Democratic
  • upper
  • 16
Cosponsor

Votes


No votes to display

Actions


May 15, 2020

Senate

Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2020

May 07, 2020

Senate

Rule 2-10 Third Reading/Passage Deadline Established As May 29, 2020

Senate

Rule 2-10 Committee Deadline Established As May 22, 2020

Apr 30, 2020

Senate

Rule 2-10 Committee Deadline Established As May 15, 2020

Senate

Rule 2-10 Third Reading/Passage Deadline Established As May 22, 2020

Apr 23, 2020

Senate

Rule 2-10 Committee Deadline Established As May 7, 2020

Senate

Rule 2-10 Third Reading/Passage Deadline Established As May 15, 2020

Apr 16, 2020

Senate

Rule 2-10 Committee Deadline Established As April 30, 2020

Apr 12, 2020

Senate

Pursuant to Senate Rule 3-9(b) / Referred to Assignments

Mar 25, 2020

Senate

Rule 2-10 Third Reading/Passage Deadline Established As May 7, 2020

Senate

Rule 2-10 Committee Deadline Established As April 24, 2020

Mar 18, 2020

Senate

Rule 2-10 Committee Deadline Established As April 2, 2020

Senate

Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins

Mar 12, 2020

Senate

Assigned to Government Accountability and Pensions

Feb 14, 2020

Senate

First Reading

Senate

Referred to Assignments

Senate

Filed with Secretary by Sen. Iris Y. Martinez

Bill Text

Bill Text Versions Format
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Related Documents

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Sources

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