Synopsis As Introduced Amends the Illinois Pension Code. Imposes various ethics requirements and prohibitions, and certain criminal penalties, with respect to employees, board members, fiduciaries, investment advisers, and investment consultants of pension funds, retirement systems, and the Illinois State Board of Investment. Preempts home rule with respect to investment adviser and consultant contracts. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.