Bill Status of SB 2525   96th General Assembly

Short Description:  PEN CD-ART 1-FIDUCIARIES

Senate Sponsors
Sen. Iris Y. Martinez-Jacqueline Y. Collins

House Sponsors
(Rep. Dan Reitz)


Last Action  View All Actions

DateChamber Action
  2/4/2011SenatePublic Act . . . . . . . . . 96-1519

Statutes Amended In Order of Appearance
40 ILCS 5/1-107from Ch. 108 1/2, par. 1-107
40 ILCS 5/1-109.1from Ch. 108 1/2, par. 1-109.1
40 ILCS 5/1-125

Synopsis As Introduced
Amends the Illinois Pension Code. Requires that every retirement system, pension fund or other system or fund established under the Code indemnify and protect the trustees, staff, and consultants against all damage claims and suits when damages are sought for negligent or wrongful acts alleged to have been committed in the scope of employment or under the direction of the trustees (indemnification was discretionary). Provides that a retirement system's, pension fund's, or investment board's goals for the management of assets in specific asset classes by emerging investment managers shall be based on the percentage of total dollar amount of assets to be managed for investment service contracts (rather than the percentage of total dollar amount of investment service contracts) let to minority owned businesses, female owned businesses, and businesses owned by a person with a disability. In provisions concerning prohibition on gifts, provides that solicitation or acceptance of costs associated with educational purposes is not prohibited. Effective immediately.

Senate Committee Amendment No. 2
Deletes reference to:
40 ILCS 5/1-109.1
40 ILCS 5/1-125

Replaces everything after the enacting clause. Amends the Illinois Pension Code. Requires every retirement system, pension fund, or other system or fund established under the Code, other than a State-funded retirement system or the State or the Illinois State Board of Investment, to indemnify and protect the trustees against all damage claims and suits, and makes indemnification discretionary for trustees of the State-funded retirement systems, for members of the Illinois State Board of Investment, and for staff and consultants of every retirement system, pension fund, or other system or fund established under the Code. Effective immediately.

House Floor Amendment No. 1
Deletes reference to:
40 ILCS 5/1-107
Adds reference to:
5 ILCS 375/3from Ch. 127, par. 523
5 ILCS 375/6.5
5 ILCS 375/10from Ch. 127, par. 530

Replaces everything after the enacting clause. Amends the State Employees Group Insurance Act of 1971. Redefines "dependent" (i) to include (rather than exclude) eligible children who are married, (ii) to include all children under age 26 (rather than only children under age 19 and certain older students and members of the armed forces), (iii) to include adjudicated children, (iv) to exclude recognized children who live with the member in a parent-child relationship, and (v) to include children age 19 or over who are mentally or physically disabled from a cause originating before the age of 19 (age 26 if enrolled as adult child). Makes similar changes to the definitions of "TRS benefit recipient" and "community college dependent beneficiary" and allows stepchildren to be recognized as members of those classes of persons. Deletes the definition of "military leave without pay and benefits". Changes the definition of "military leave with pay and benefits" to "military leave". Provides that "military leave" includes, among other things, any training or duty in service to the United States Armed Forces. Makes corresponding changes throughout the remainder of the Act. Removes a provision that authorized members on military leave with pay and benefits and military leave without pay and benefits to continue coverage for up to 4 years by making certain payments. Effective immediately.

Actions 
DateChamber Action
  1/12/2010SenateFiled with Secretary by Sen. Iris Y. Martinez
  1/12/2010SenateFirst Reading
  1/12/2010SenateReferred to Assignments
  2/10/2010SenateAssigned to Pensions and Investments
  2/23/2010SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Iris Y. Martinez
  2/23/2010SenateSenate Committee Amendment No. 1 Referred to Assignments
  2/24/2010SenateSenate Committee Amendment No. 1 Assignments Refers to Pensions and Investments
  2/26/2010SenateSenate Committee Amendment No. 2 Filed with Secretary by Sen. Iris Y. Martinez
  2/26/2010SenateSenate Committee Amendment No. 2 Referred to Assignments
  3/2/2010SenateSenate Committee Amendment No. 2 Assignments Refers to Pensions and Investments
  3/3/2010SenateSenate Committee Amendment No. 2 Adopted
  3/4/2010SenateSenate Committee Amendment No. 1 Postponed - Pensions and Investments
  3/4/2010SenateDo Pass as Amended Pensions and Investments; 008-000-000
  3/4/2010SenatePlaced on Calendar Order of 2nd Reading March 9, 2010
  3/8/2010SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
  3/11/2010SenateSecond Reading
  3/11/2010SenatePlaced on Calendar Order of 3rd Reading March 12, 2010
  3/12/2010SenateThird Reading - Passed; 051-000-000
  3/12/2010SenateSenate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
  3/12/2010HouseArrived in House
  3/12/2010HouseChief House Sponsor Rep. Dan Reitz
  3/12/2010HousePlaced on Calendar Order of First Reading
  3/12/2010HouseFirst Reading
  3/12/2010HouseReferred to Rules Committee
  3/22/2010HouseAssigned to Personnel and Pensions Committee
  4/22/2010HouseDo Pass / Short Debate Personnel and Pensions Committee; 007-000-000
  4/22/2010HousePlaced on Calendar 2nd Reading - Short Debate
  5/5/2010HouseSecond Reading - Short Debate
  5/5/2010HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/7/2010HouseFinal Action Deadline Extended-9(b) May 28, 2010
  5/28/2010HouseRule 19(a) / Re-referred to Rules Committee
  1/3/2011HouseFinal Action Deadline Extended-9(b) January 11, 2011
  1/3/2011HouseApproved for Consideration Rules Committee; 003-000-000
  1/3/2011HousePlaced on Calendar Order of 3rd Reading - Short Debate
  1/4/2011HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Dan Reitz
  1/4/2011HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  1/4/2011HouseHouse Floor Amendment No. 1 Rules Refers to State Government Administration Committee
  1/5/2011HouseHouse Floor Amendment No. 1 Recommends Be Adopted State Government Administration Committee; 016-000-000
  1/5/2011HouseRecalled to Second Reading - Short Debate
  1/5/2011HouseHouse Floor Amendment No. 1 Adopted by Voice Vote
  1/5/2011HousePlaced on Calendar Order of 3rd Reading - Short Debate
  1/5/2011HouseThird Reading - Short Debate - Passed 113-000-001
  1/5/2011SenateSecretary's Desk - Concurrence House Amendment(s) 1
  1/5/2011SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1 - January 6, 2011
  1/5/2011SenateHouse Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Iris Y. Martinez
  1/5/2011SenateHouse Floor Amendment No. 1 Motion to Concur Referred to Assignments
  1/5/2011SenateHouse Floor Amendment No. 1 Motion to Concur Assignments Referred to Insurance
  1/6/2011SenateHouse Floor Amendment No. 1 Motion To Concur Recommended Do Adopt Insurance; 008-000-001
  1/6/2011SenateAdded as Chief Co-Sponsor Sen. Jacqueline Y. Collins
  1/6/2011SenateHouse Floor Amendment No. 1 Senate Concurs 045-009-001
  1/6/2011SenatePassed Both Houses
  1/18/2011SenateSent to the Governor
  2/4/2011SenateGovernor Approved
  2/4/2011SenateEffective Date February 4, 2011
  2/4/2011SenatePublic Act . . . . . . . . . 96-1519

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