PEN CD-DOWNSTATE POLICE INVEST House SponsorsRep. Robert Martwick and Elizabeth Hernandez 1/13/2021HouseSession Sine Die 35 ILCS 200/18-18540 ILCS 5/1-101.6 new40 ILCS 5/1-101.7 new40 ILCS 5/1-109.340 ILCS 5/1-113.05 new40 ILCS 5/1-113.140 ILCS 5/1-113.240 ILCS 5/1-113.340 ILCS 5/1-113.440 ILCS 5/1-113.4a40 ILCS 5/1-113.540 ILCS 5/1-113.640 ILCS 5/1-113.740 ILCS 5/1-167 new40 ILCS 5/4-102.1 new40 ILCS 5/4-102.2 new40 ILCS 5/4-109from Ch. 108 1/2, par. 4-10940 ILCS 5/4-109.1from Ch. 108 1/2, par. 4-109.140 ILCS 5/4-114from Ch. 108 1/2, par. 4-11440 ILCS 5/4-118from Ch. 108 1/2, par. 4-11840 ILCS 5/4-120from Ch. 108 1/2, par. 4-12040 ILCS 5/4-123from Ch. 108 1/2, par. 4-12340 ILCS 5/4-128from Ch. 108 1/2, par. 4-12840 ILCS 5/4-128.1 new40 ILCS 5/4-128.2 new40 ILCS 5/4-128.3 new40 ILCS 5/4-128.4 new40 ILCS 5/Art. 4A heading new40 ILCS 5/4A-101 new40 ILCS 5/4A-105 new40 ILCS 5/4A-110 new40 ILCS 5/4A-115 new40 ILCS 5/4A-120 new40 ILCS 5/4A-125 new40 ILCS 5/4A-130 new40 ILCS 5/4A-135 new40 ILCS 5/4A-140 new40 ILCS 5/4A-145 new40 ILCS 5/4A-150 new40 ILCS 5/4A-155 new40 ILCS 5/4A-160 new40 ILCS 5/7-199.5 new40 ILCS 5/22A-115.7 new30 ILCS 805/8.43 new Amends the Illinois Pension Code. Creates the Downstate Firefighters Pension Investment Fund as a special district to exercise the authority to manage, invest, and reinvest the reserves, funds, assets, securities, and moneys of certain downstate firefighter pension funds that elect to transfer their investment authority and assets to the Investment Fund. Includes provisions relating to the transfer and investment of assets, auditing and reporting requirements, and the operation and administration of the Investment Fund. Reduces the amount of training required for trustees of downstate police and downstate firefighter pension funds. In the Downstate Firefighter Article, makes changes to Tier 2 survivors benefits, the calculation of final average salary for Tier 2 firefighters, the annual salary limitation for pension purposes applicable to Tier 2 firefighters, and the automatic annual increase to a Tier 2 firefighter's monthly pension. Makes changes to the formula for determining the required municipal contribution. Makes other changes. Amends the Property Tax Extension Limitation Law (PTELL) of the Property Tax Code to exclude from the definition of "aggregate extension" special purpose extensions made for contributions to a downstate firefighter pension fund that has elected to transfer its investment authority to the Investment Fund. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. 2/15/2019HouseFiled with the Clerk by Rep. Robert Martwick 2/15/2019HouseFirst Reading 2/15/2019HouseReferred to Rules Committee 2/26/2019HouseAssigned to Personnel & Pensions Committee 3/6/2019HouseTo Pension Reform Subcommittee 3/22/2019HouseAdded Co-Sponsor Rep. Elizabeth Hernandez 3/29/2019HouseRule 19(a) / Re-referred to Rules Committee 1/13/2021HouseSession Sine Die