Bill Status of SB2456 102nd General Assembly
Short Description: PENSION-SURS/TRS-INVESTMENTS
Sen. Jeffrey M. Schoenberg, Kyle McCarter and Dale A. Righter
(Rep. Patrick J. Verschoore)
| 1/12/2011||Senate||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the State Universities and Downstate Teacher Articles of the Illinois Pension Code. Allows the board of trustees to transfer to the Illinois State Board of Investment, for management and administration, all investments owned by the system by resolution duly adopted by a record vote of three-fifths of its membership (rather than by a majority vote of its membership). Effective immediately.