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IL HB4891

Bill

Official Source

Status

Introduced

1/13/2010

Primary Sponsor

Raymond Poe

Click for details

Origin

House of Representatives

96th General Assembly

AI Summary

  • Amends the Illinois Pension Code Section 24-105 regarding the State Employees Deferred Compensation Plan.

  • Requires the Illinois State Board of Investment to obtain review and approval from the Commission on Government Forecasting and Accountability before selecting any life insurance, annuity contract, mutual fund, or other investment vehicle for the plan.

  • Applies the approval requirement to any new contracts entered into after the effective date and to any amendments made to existing contracts.

  • Takes effect immediately upon becoming law.

Legislative Description

PEN CD-DEFERRED COMP-COGFA

Last Action

Rule 19(a) / Re-referred to Rules Committee

3/15/2010

Committee Referrals

Rules3/15/2010
Personnel & Pensions2/8/2010
Rules1/15/2010

Full Bill Text

No bill text available