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<xml>
<title>Illinois General Assembly - Bill Status for SB 134    </title>
<shortdesc>PENCD-IMRF-ST BD OF INVSTMENT</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. James F. Clayborne, Jr.-Iris Y. Martinez</sponsors>
</sponsor>
<lastaction>
<statusdate>1/9/2007</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/7-190</reference><aliasreference>from Ch. 108 1/2, par. 7-190</aliasreference><reference>40 ILCS 5/7-201</reference><aliasreference>from Ch. 108 1/2, par. 7-201</aliasreference><reference>40 ILCS 5/7-201.1</reference><aliasreference>from Ch. 108 1/2, par. 7-201.1</aliasreference><reference>40 ILCS 5/22A-113</reference><aliasreference>from Ch. 108 1/2, par. 22A-113</aliasreference><reference>40 ILCS 5/7-188 rep.</reference><aliasreference></aliasreference><reference>40 ILCS 5/7-195 rep.</reference><aliasreference></aliasreference><SynopsisText>Amends the Illinois Pension Code to place the investment authority of the Illinois Municipal Retirement Fund under the Illinois State Board of Investment, beginning no later than January 1, 2006. Effective immediately.</SynopsisText><synopsistitle>Pension Note (Commission on Gov't Forecasting and Accountability)</synopsistitle>
<SynopsisText>Senate Bill 134 does not change the benefit provisions or funding of IMRF, but rather transfers the assets of IMRF to the Illinois State Board of Investment. The fiscal impact of the bill would depend primarily on any change in asset allocation after the transfer of assets.</SynopsisText></synopsis>
<actions>
<statusdate>2/1/2005</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. James F. Clayborne, Jr.</action>
<statusdate>2/1/2005</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/1/2005</statusdate><chamber>Senate</chamber><action>Referred to Rules</action>
<statusdate>2/3/2005</statusdate><chamber>Senate</chamber><action>Assigned to Pensions &amp; Investments</action>
<statusdate>2/16/2005</statusdate><chamber>Senate</chamber><action>Postponed - Pensions &amp; Investments</action>
<statusdate>3/2/2005</statusdate><chamber>Senate</chamber><action>Postponed - Pensions &amp; Investments</action>
<statusdate>3/9/2005</statusdate><chamber>Senate</chamber><action>Postponed - Pensions &amp; Investments</action>
<statusdate>3/11/2005</statusdate><chamber>Senate</chamber><action>Pension Note Filed from the Commission on Government Forecasting and Accountability.</action>
<statusdate>3/16/2005</statusdate><chamber>Senate</chamber><action>Do Pass Pensions &amp; Investments;  007-002-000</action>
<statusdate>3/16/2005</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading March 17, 2005</action>
<statusdate>3/16/2005</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Iris Y. Martinez</action>
<statusdate>4/6/2005</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>4/6/2005</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading April 7, 2005</action>
<statusdate>5/10/2005</statusdate><chamber>Senate</chamber><action>Motion Filed Sen. Louis S. Viverito;  , Cullerton, Hendon, Petka and Roskam, Motion to Re-refer, pursuant to Senate Rule 3-7.   Re-referred to the Senate Rules Committee.</action>
<statusdate>5/10/2005</statusdate><chamber>Senate</chamber><action>Motion Prevailed</action>
<statusdate>5/10/2005</statusdate><chamber>Senate</chamber><action>Re-referred to Rules</action>
<statusdate>1/9/2007</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

