Illinois General Assembly - Bill Status for HB4685

Synopsis As Introduced
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.

Actions

Date	Chamber	Action
1/12/2006	House	Filed with the Clerk by Rep. Robert Rita
1/12/2006	House	First Reading
1/12/2006	House	Referred to Rules Committee
1/9/2007	House	Session Sine Die

×