PENSION INVESTMENT FUNDS

If and only if Senate Bill 1300 of the 101st General Assembly becomes law in the form in which it passed both houses, amends the Police Officers' Pension Investment Fund and the Firefighters' Pension Investment Fund Articles of the Illinois Pension Code. Provides that if a participating pension fund account is commingled with any other participating pension fund account, then the balance of the commingled accounts shall be returned to those participating pension funds in accordance with the value of the pension fund assets attributable to each fund. Effective immediately or on the date Senate Bill 1300 of the 101st General Assembly takes effect, whichever is later.