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IL HB4661
Bill
Status
Passed
8/17/2018
Primary Sponsor
Robert Martwick
Click for details
AI Summary
- All board members of retirement systems, pension funds, or investment boards must complete at least 8 hours of ethics training per year
- Training must cover ethics, fiduciary duty, investment issues, and other curriculum established by each board as important for administration
- The Supreme Court of Illinois is responsible for ethics training and curriculum for judges serving as board members
- Each board must annually certify member compliance and submit certification to the Division of Insurance of the Department of Financial and Professional Regulation
- Elected or appointed trustees under Articles 3 or 4 of the Illinois Pension Code satisfy this requirement by completing Section 1-109.3 requirements
Legislative Description
PEN CD-TRUSTEE ETHICS TRAINING
Last Action
Public Act . . . . . . . . . 100-0904
8/17/2018
Committee Referrals
Licensed Activities And Pensions5/1/2018
Assignments4/23/2018
Personnel & Pensions2/14/2018
Rules2/7/2018
Full Bill Text
No bill text available