Illinois General Assembly - Bill Status for HB3004
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 Bill Status of HB3004  102nd General Assembly


Short Description:  PEN CD-BOARD MEMBER EMPLOYMENT

House Sponsors
Rep. Mark Batinick

Senate Sponsors
(Sen. John Connor and Jason A. Barickman)

Hearings
Pensions Hearing May 19 2021 10:00AM www.ilga.gov Virtual Room 3 Springfield, IL


Last Action
DateChamber Action
  5/12/2021SenatePostponed - Pensions

Statutes Amended In Order of Appearance
40 ILCS 5/1-109.5 new
40 ILCS 5/1-109.6 new


Synopsis As Introduced
Amends the General Provisions Article of the Illinois Pension Code. Provides that no individual who is a board member of a pension fund, investment board, or retirement system may be employed by a pension fund, investment board, or retirement system established under the Code or by any vendor of a pension fund, investment board, or retirement system established under the Code for a period of 5 years after he or she ceases to be a board member. Provides that no pension fund, investment board, or retirement system may pay membership dues to a membership organization or association that has any pecuniary interest with any entity that provides services to a pension fund, investment board, or retirement system unless: (1) the membership organization or association provides to the retirement system, pension fund, or investment board a list of those pecuniary interests, the total annual value of those pecuniary interests or payments, and the services that those pecuniary interests or payments relate to; and (2) the pension fund, investment board, or retirement system posts those reports in a location that is readily available to its members.

House Floor Amendment No. 1
Deletes reference to:
40 ILCS 5/1-109.6

Provides that no individual who is a board member of a pension fund, investment board, or retirement system may be employed by that pension fund, investment board, or retirement system (instead of by a pension fund, investment board, or retirement system established under the Code) or by any vendor of that pension fund, investment board, or retirement system (instead of a pension fund, investment board, or retirement system established under the Code) for a period of 12 months (rather than 5 years) after he or she ceases to be a board member. Removes language providing that no pension fund, investment board, or retirement system may pay membership dues to a membership organization or association that has any pecuniary interest with any entity that provides services to a pension fund, investment board, or retirement system unless certain information is provided.

Actions 
DateChamber Action
  2/18/2021HouseFiled with the Clerk by Rep. Mark Batinick
  2/19/2021HouseFirst Reading
  2/19/2021HouseReferred to Rules Committee
  3/16/2021HouseAssigned to Personnel & Pensions Committee
  3/26/2021HouseDo Pass / Short Debate Personnel & Pensions Committee; 008-000-000
  4/8/2021HousePlaced on Calendar 2nd Reading - Short Debate
  4/13/2021HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Mark Batinick
  4/13/2021HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  4/20/2021HouseHouse Floor Amendment No. 1 Rules Refers to Personnel & Pensions Committee
  4/21/2021HouseSecond Reading - Short Debate
  4/21/2021HouseHeld on Calendar Order of Second Reading - Short Debate
  4/21/2021HouseHouse Floor Amendment No. 1 Recommends Be Adopted Personnel & Pensions Committee; 008-000-000
  4/22/2021HouseHouse Floor Amendment No. 1 Adopted
  4/22/2021HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/22/2021HouseThird Reading - Short Debate - Passed 114-000-000
  4/23/2021SenateArrive in Senate
  4/23/2021SenatePlaced on Calendar Order of First Reading April 27, 2021
  4/27/2021SenateChief Senate Sponsor Sen. John Connor
  4/27/2021SenateFirst Reading
  4/27/2021SenateReferred to Assignments
  4/28/2021SenateAdded as Alternate Co-Sponsor Sen. Jason A. Barickman
  5/4/2021SenateAssigned to Pensions
  5/12/2021SenatePostponed - Pensions

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