SCHOENBERG. 40 ILCS 5/1-109.3 new Amends the General Provisions Article of the Illinois Pension Code. Requires the adoption and implementation of a responsible contractor policy under which, as a condition of the investment of the assets of a retirement system in real estate, the property owner or manager of the real estate must demonstrate that the construction and building operation contractors and subcontractors are paid fair wages and benefits. Effective immediately. PENSION NOTE (Pension Laws Commission) The fiscal impact of HB 724 cannot be determined, as returns would depend on any changes made in asset allocation and the resulting performance of those assests. FEB-07-2001 H FILED WITH CLERK FEB-07-2001 H FIRST READING FEB-07-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-15-2001 H ASSIGNED TO COMMITTEE PERS PENSION MAR-08-2001 H PENSION NOTE FILED MAR-08-2001 H COMMITTEE PERS PENSION MAR-16-2001 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary