HB 3769

  • Illinois House Bill
  • 98th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Pen Cd-Investmt-Derivatives

Abstract

Amends the Illinois Pension Code. Provides that a retirement system or pension fund may not invest in any funds that trade derivatives in off markets or non-open markets, and if a retirement system or pension fund is investing in such a fund on the effective date, then the retirement system or pension fund must divest the retirement system's interest in the fund within one year after the effective date. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

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Dec 03, 2014

House

Session Sine Die

Jan 13, 2014

House

First Reading

House

Referred to Rules Committee

Dec 05, 2013

House

Filed with the Clerk by Rep. André M. Thapedi

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