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HB0727 • 2026
PUBLIC EMPLOYEE BENEFITS-TECH
This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.
Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.
PUBLIC EMPLOYEE BENEFITS-TECH
Rule 19(a) / Re-referred to Rules Committee
House Floor Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
House Floor Amendment No. 1 Recommends Be Adopted Personnel & Pensions Committee ; 008-004-000
House Floor Amendment No. 1 Pension Note Filed as Amended
House Floor Amendment No. 1 Rules Refers to Personnel & Pensions Committee
Chief Sponsor Changed to Rep. Laura Faver Dias
House Floor Amendment No. 1 Filed with Clerk by Rep. Laura Faver Dias
House Floor Amendment No. 1 Referred to Rules Committee
Approved for Consideration Rules Committee ; 005-000-000
Placed on Calendar 2nd Reading - Short Debate
Rule 19(a) / Re-referred to Rules Committee
Third Reading Deadline Extended-Rule May 31, 2025
Second Reading - Short Debate
Held on Calendar Order of Second Reading - Short Debate **
Do Pass / Short Debate Executive Committee ; 012-000-000
Placed on Calendar 2nd Reading - Short Debate **
Assigned to Executive Committee
First Reading
Referred to Rules Committee
Prefiled with Clerk by Rep. Emanuel "Chris" Welch
PUBLIC EMPLOYEE BENEFITS-TECH
Illinois General Assembly - Full Text of HB0727 Select Language × The Illinois General Assembly offers the Google Translate™ service for visitor convenience. In no way should it be considered accurate as to the translation of any content herein. Visitors of the Illinois General Assembly website are encouraged to use other translation services available on the internet. The English language version is always the official and authoritative version of this website. NOTE: To return to the original English language version, select the "Show Original" button on the Google Translate™ menu bar at the top of the window. 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Full Text of HB0727 Home Legislation Full Text HB0727 - 104th General Assembly Bill Status Full Text Votes Witness Slips Select Menu Bill Status Full Text Votes Witness Slips Printer Friendly Version Introduced House Amendment 001 Printer Friendly Version Introduced House Amendment 001 Open PDF 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB0727 Introduced 1/9/2025, by Rep. Emanuel "Chris" Welch SYNOPSIS AS INTRODUCED: 40 ILCS 5/1-110 from Ch. 108 1/2, par. 1-110 Amends the Illinois Pension Code. Makes a technical change in a Section concerning prohibited transactions. LRB104 04620 RPS 14647 b A BILL FOR HB0727 LRB104 04620 RPS 14647 b 1 AN ACT concerning public employee benefits. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Illinois Pension Code is amended by 5 changing Section 1-110 as follows: 6 (40 ILCS 5/1-110) (from Ch. 108 1/2, par. 1-110) 7 Sec. 1-110. Prohibited Transactions. 8 (a) A fiduciary with respect to a retirement system, 9 pension fund, or investment board shall not cause the the 10 retirement system or pension fund to engage in a transaction 11 if he or she knows or should know that such transaction 12 constitutes a direct or indirect: 13 (1) Sale or exchange, or leasing of any property from 14 the retirement system or pension fund to a party in 15 interest for less than adequate consideration, or from a 16 party in interest to a retirement system or pension fund 17 for more than adequate consideration. 18 (2) Lending of money or other extension of credit from 19 the retirement system or pension fund to a party in 20 interest without the receipt of adequate security and a 21 reasonable rate of interest, or from a party in interest 22 to a retirement system or pension fund with the provision 23 of excessive security or an unreasonably high rate of HB0727 - 2 - LRB104 04620 RPS 14647 b 1 interest. 2 (3) Furnishing of goods, services or facilities from 3 the retirement system or pension fund to a party in 4 interest for less than adequate consideration, or from a 5 party in interest to a retirement system or pension fund 6 for more than adequate consideration. 7 (4) Transfer to, or use by or for the benefit of, a 8 party in interest of any assets of a retirement system or 9 pension fund for less than adequate consideration. 10 (b) A fiduciary with respect to a retirement system or 11 pension fund established under this Code shall not: 12 (1) Deal with the assets of the retirement system or 13 pension fund in his own interest or for his own account; 14 (2) In his individual or any other capacity act in any 15 transaction involving the retirement system or pension 16 fund on behalf of a party whose interests are adverse to 17 the interests of the retirement system or pension fund or 18 the interests of its participants or beneficiaries; or 19 (3) Receive any consideration for his own personal 20 account from any party dealing with the retirement system 21 or pension fund in connection with a transaction involving 22 the assets of the retirement system or pension fund. 23 (c) Nothing in this Section shall be construed to prohibit 24 any trustee from: 25 (1) Receiving any benefit to which he may be entitled 26 as a participant or beneficiary in the retirement system HB0727 - 3 - LRB104 04620 RPS 14647 b 1 or pension fund. 2 (2) Receiving any reimbursement of expenses properly 3 and actually incurred in the performance of his duties 4 with the retirement system or pension fund. 5 (3) Serving as a trustee in addition to being an 6 officer, employee, agent or other representative of a 7 party in interest. 8 (d) A fiduciary of a pension fund established under 9 Article 3 or 4 shall not knowingly cause or advise the pension 10 fund to engage in an investment transaction when the fiduciary 11 (i) has any direct interest in the income, gains, or profits of 12 the investment adviser through which the investment 13 transaction is made or (ii) has a business relationship with 14 that investment adviser that would result in a pecuniary 15 benefit to the fiduciary as a result of the investment 16 transaction. 17 Violation of this subsection (d) is a Class 4 felony. 18 (e) A board member, employee, or consultant with respect 19 to a retirement system, pension fund, or investment board 20 subject to this Code, except those whose investments are 21 restricted by Section 1-113.2, shall not knowingly cause or 22 advise the retirement system, pension fund, or investment 23 board to engage in an investment transaction with an 24 investment adviser when the board member, employee, 25 consultant, or their spouse (i) has any direct interest in the 26 income, gains, or profits of the investment adviser through HB0727 - 4 - LRB104 04620 RPS 14647 b 1 which the investment transaction is made or (ii) has a 2 relationship with that investment adviser that would result in 3 a pecuniary benefit to the board member, employee, or 4 consultant or spouse of such board member, employee, or 5 consultant as a result of the investment transaction. For 6 purposes of this subsection (e), a consultant includes an 7 employee or agent of a consulting firm who has greater than 8 7.5% ownership of the consulting firm. 9 Violation of this subsection (e) is a Class 4 felony. 10 (Source: P.A. 95-950, eff. 8-29-08; 96-6, eff. 4-3-09.) Footer Disclaimer This site is maintained for the Illinois General Assembly by the Legislative Information System, 705 Stratton Building, Springfield, Illinois 62706. Contact ILGA Webmaster ILGA.gov uses cookies to ensure you get the best experience on our website. By continuing to browse ILGA.gov you consent to our use of cookies. Read About Cookies ILGA.GOV 2026 ILGA.gov | All Rights Reserved | ADA | Disclaimers | Learn This site is maintained for the Illinois General Assembly by the Legislative Information System, 705 Stratton Building, Springfield, Illinois 62706. Contact ILGA Webmaster ILGA.gov uses cookies to ensure you get the best experience on our website. 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