TROTTER. 40 ILCS 5/1-112.1 new 40 ILCS 5/1-113 from Ch. 108 1/2, par. 1-113 Amends the Illinois Pension Code. Authorizes investment of up to 25% of certain pension fund assets in economically targeted investments in Illinois, of which an amount up to 10% of the assets of the fund may be invested in economically targeted investments that are targeted specifically to low or moderate income communities. Declares it to be public policy to encourage these investments and sets goals for the major retirement systems. Requires certain retirement systems to make an annual report of these investments. Effective immediately. PENSION NOTE (Pension Laws Commission) The fiscal impact of SB1536 cannot be calculated as the extent to which funds will actually invest in ETIs is unknown. 98-02-19 S FIRST READING 98-02-19 S REFERRED TO SENATE RULES COMMITTEE RULES 98-03-25 S PENSION NOTE FILED 98-03-25 S COMMITTEE RULES 99-01-12 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary