Bob Rita
- Democratic
- Representative
- District 28
Primary
Amends the Illinois Pension Code. Increases the percentage of certain separate accounts and certain mutual funds in which a downstate police or downstate firefighter pension fund may invest. Makes changes in the types of mutual funds in which a downstate police or downstate firefighter pension fund may invest. Allows downstate police and downstate firefighter pension funds to invest a portion of their assets in exchange traded funds comprised of diversified portfolios of common or preferred stocks and bonds. Allows downstate police and downstate firefighter pension funds that have assets of at least $5,000,000 and have appointed an investment adviser to invest a portion of their assets in nonconvertible investment grade corporate bonds and American depository receipts.
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Session Sine Die
Filed with the Clerk by Rep. Robert Rita
First Reading
Referred to Rules Committee
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