HB 871

  • Illinois House Bill
  • 96th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Pen Cd-Investment Limitation

Abstract

Amends the Illinois Pension Code. Provides that a retirement system or pension fund established under the Downstate Police or Downstate Firefighters Article may not acquire a security issued by an employer of employees covered by any retirement system or pension fund under those Articles, including itself, if immediately after such acquisition, the aggregate fair market value of all such employer securities held by the retirement system or pension fund exceeds 10% of the fair market value of the assets of the retirement system or pension fund. Effective immediately.

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Jan 11, 2011

House

Session Sine Die

Mar 13, 2009

House

Rule 19(a) / Re-referred to Rules Committee

Feb 18, 2009

House

Assigned to Personnel and Pensions Committee

Feb 10, 2009

House

Filed with the Clerk by Rep. Jim Watson

House

First Reading

House

Referred to Rules Committee

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