---
type: "Bill"
title: "PENCD-INVESTMENT SERVICES"
description: "Amends the General Provisions Article of the Illinois Pension Code. In a Section requiring the use of a competitive selection process for obtaining investment services, creates an additional exception for \"contracts for follow-on funds with the same fund sponsor through closed-end funds\". Effective immediately."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "98th"
identifier: "HB 2620"
citation: "Illinois HB 2620 (98th)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 26
vote_count: 2
first_action: "2013-02-21"
last_action: "2013-08-16"
source: "openstates"
source_identifier: "ocd-bill/6ffe5f8f-7e62-408e-9cab-9787f0899be9"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=2620&GAID=12&DocTypeID=HB&LegId=74426&SessionID=85&GA=98"
source_hash: "4dde560bb9572b49626f4e21ef7ba9bba5de9ffb1e49af34173b128028c0da9a"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-il"]
---

# Illinois HB 2620 (98th) — PENCD-INVESTMENT SERVICES

Amends the General Provisions Article of the Illinois Pension Code. In a Section requiring the use of a competitive selection process for obtaining investment services, creates an additional exception for "contracts for follow-on funds with the same fund sponsor through closed-end funds". Effective immediately.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09800HB2620&GA=98&SessionId=85&DocTypeId=HB&LegID=74426&DocNum=2620&GAID=12&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09800HB2620eng&GA=98&SessionId=85&DocTypeId=HB&LegID=74426&DocNum=2620&GAID=12&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09800HB2620enr&GA=98&SessionId=85&DocTypeId=HB&LegID=74426&DocNum=2620&GAID=12&Session=&print=true)

## Votes

- Third Reading — **74–42** (pass) · lower
- Third Reading — **50–8** (pass) · upper

## Sponsors

- Al Riley — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2013-02-21** Filed with the Clerk by Rep. Al Riley `filing`
- **2013-02-21** First Reading `reading-1`
- **2013-02-21** Referred to Rules Committee `referral-committee`
- **2013-03-04** Assigned to Personnel and Pensions Committee `referral-committee`
- **2013-03-21** Do Pass / Short Debate Personnel and Pensions Committee; 007-001-000 `committee-passage`
- **2013-03-22** Placed on Calendar 2nd Reading - Short Debate
- **2013-04-17** Second Reading - Short Debate `reading-2`
- **2013-04-17** Placed on Calendar Order of 3rd Reading - Short Debate
- **2013-04-18** Third Reading - Short Debate - Passed 074-042-000 `reading-3, passage`
- **2013-04-19** Arrive in Senate `introduction`
- **2013-04-19** Placed on Calendar Order of First Reading `reading-1`
- **2013-04-19** Chief Senate Sponsor Sen. Daniel Biss
- **2013-04-19** First Reading `reading-1`
- **2013-04-19** Referred to Assignments `referral-committee`
- **2013-04-24** Assigned to Executive `referral-committee`
- **2013-05-02** Postponed - Executive
- **2013-05-09** Do Pass Executive; 013-000-000 `committee-passage`
- **2013-05-09** Placed on Calendar Order of 2nd Reading May 14, 2013
- **2013-05-14** Second Reading `reading-2`
- **2013-05-14** Placed on Calendar Order of 3rd Reading May 15, 2013
- **2013-05-22** Third Reading - Passed; 050-008-000 `reading-3, passage`
- **2013-05-22** Passed Both Houses
- **2013-06-19** Sent to the Governor `executive-receipt`
- **2013-08-16** Governor Approved `executive-signature`
- **2013-08-16** Effective Date August 16, 2013
- **2013-08-16** Public Act . . . . . . . . . 98-0433 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/6ffe5f8f-7e62-408e-9cab-9787f0899be9`. Confidence: reported (aggregated from official Illinois legislature records).