republic-os/legislation/us/states/il/96th/sb-2525.md

---
type: "Bill"
title: "PEN CD-ART 1-FIDUCIARIES"
description: "Amends the Illinois Pension Code. Requires that every retirement system, pension fund or other system or fund established under the Code indemnify and protect the trustees, staff, and consultants against all damage claims and suits when damages are sought for negligent or wrongful acts alleged to have been committed in the scope of employment or under the direction of the trustees (indemnification was discretionary). Provides that a retirement system's, pension fund's, or investment board's goals for the management of assets in specific asset classes by emerging investment managers shall be based on the percentage of total dollar amount of assets to be managed for investment service contracts (rather than the percentage of total dollar amount of investment service contracts) let to minority owned businesses, female owned businesses, and businesses owned by a person with a disability. In provisions concerning prohibition on gifts, provides that solicitation or acceptance of costs associated with educational purposes is not prohibited. Effective immediately."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "96th"
identifier: "SB 2525"
citation: "Illinois SB 2525 (96th)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 55
vote_count: 3
first_action: "2010-01-12"
last_action: "2011-02-04"
source: "openstates"
source_identifier: "ocd-bill/50ca19ff-7e56-40e4-8dc8-5acf18d8fd6f"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=2525&GAID=10&DocTypeID=SB&LegId=49170&SessionID=76&GA=96"
source_hash: "64a8e426af4482ff3f814fb1fbedf9377f116ba86c05db884224e03900c960ce"
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 SB 2525 (96th) — PEN CD-ART 1-FIDUCIARIES

Amends the Illinois Pension Code. Requires that every retirement system, pension fund or other system or fund established under the Code indemnify and protect the trustees, staff, and consultants against all damage claims and suits when damages are sought for negligent or wrongful acts alleged to have been committed in the scope of employment or under the direction of the trustees (indemnification was discretionary). Provides that a retirement system's, pension fund's, or investment board's goals for the management of assets in specific asset classes by emerging investment managers shall be based on the percentage of total dollar amount of assets to be managed for investment service contracts (rather than the percentage of total dollar amount of investment service contracts) let to minority owned businesses, female owned businesses, and businesses owned by a person with a disability. In provisions concerning prohibition on gifts, provides that solicitation or acceptance of costs associated with educational purposes is not prohibited. 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=09600SB2525&GA=96&SessionId=76&DocTypeId=SB&LegID=49170&DocNum=2525&GAID=10&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600SB2525eng&GA=96&SessionId=76&DocTypeId=SB&LegID=49170&DocNum=2525&GAID=10&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600SB2525enr&GA=96&SessionId=76&DocTypeId=SB&LegID=49170&DocNum=2525&GAID=10&Session=&print=true)

## Votes

- Concurrence, Amendment 1 — **45–9** (pass) · upper
- Third Reading — **113–0** (pass) · lower
- Third Reading — **51–0** (pass) · upper

## Sponsors

- Iris Y. Martinez — primary (person)

## Timeline

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

- **2010-01-12** Filed with Secretary by Sen. Iris Y. Martinez `filing`
- **2010-01-12** First Reading `reading-1`
- **2010-01-12** Referred to Assignments `referral-committee`
- **2010-02-10** Assigned to Pensions and Investments `referral-committee`
- **2010-02-23** Senate Committee Amendment No. 1 Filed with Secretary by Sen. Iris Y. Martinez `amendment-introduction`
- **2010-02-23** Senate Committee Amendment No. 1 Referred to Assignments `referral-committee`
- **2010-02-24** Senate Committee Amendment No. 1 Assignments Refers to Pensions and Investments
- **2010-02-26** Senate Committee Amendment No. 2 Filed with Secretary by Sen. Iris Y. Martinez `amendment-introduction`
- **2010-02-26** Senate Committee Amendment No. 2 Referred to Assignments `referral-committee`
- **2010-03-02** Senate Committee Amendment No. 2 Assignments Refers to Pensions and Investments
- **2010-03-03** Senate Committee Amendment No. 2 Adopted `amendment-passage`
- **2010-03-04** Senate Committee Amendment No. 1 Postponed - Pensions and Investments
- **2010-03-04** Do Pass as Amended Pensions and Investments; 008-000-000 `committee-passage`
- **2010-03-04** Placed on Calendar Order of 2nd Reading March 9, 2010
- **2010-03-08** Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments `referral-committee`
- **2010-03-11** Second Reading `reading-2`
- **2010-03-11** Placed on Calendar Order of 3rd Reading March 12, 2010
- **2010-03-12** Third Reading - Passed; 051-000-000 `reading-3, passage`
- **2010-03-12** Senate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a) `amendment-failure`
- **2010-03-12** Arrived in House `introduction`
- **2010-03-12** Chief House Sponsor Rep. Dan Reitz
- **2010-03-12** Placed on Calendar Order of First Reading `reading-1`
- **2010-03-12** First Reading `reading-1`
- **2010-03-12** Referred to Rules Committee `referral-committee`
- **2010-03-22** Assigned to Personnel and Pensions Committee `referral-committee`
- **2010-04-22** Do Pass / Short Debate Personnel and Pensions Committee; 007-000-000 `committee-passage`
- **2010-04-22** Placed on Calendar 2nd Reading - Short Debate
- **2010-05-05** Second Reading - Short Debate `reading-2`
- **2010-05-05** Placed on Calendar Order of 3rd Reading - Short Debate
- **2010-05-07** Final Action Deadline Extended-9(b) May 28, 2010
- **2010-05-28** Rule 19(a) / Re-referred to Rules Committee `referral-committee`
- **2011-01-03** Final Action Deadline Extended-9(b) January 11, 2011
- **2011-01-03** Approved for Consideration Rules Committee; 003-000-000
- **2011-01-03** Placed on Calendar Order of 3rd Reading - Short Debate
- **2011-01-04** House Floor Amendment No. 1 Filed with Clerk by Rep. Dan Reitz `amendment-introduction`
- **2011-01-04** House Floor Amendment No. 1 Referred to Rules Committee `referral-committee`
- **2011-01-04** House Floor Amendment No. 1 Rules Refers to State Government Administration Committee
- **2011-01-05** House Floor Amendment No. 1 Recommends Be Adopted State Government Administration Committee; 016-000-000 `committee-passage-favorable`
- **2011-01-05** Recalled to Second Reading - Short Debate `reading-2`
- **2011-01-05** House Floor Amendment No. 1 Adopted by Voice Vote `amendment-passage`
- **2011-01-05** Placed on Calendar Order of 3rd Reading - Short Debate
- **2011-01-05** Third Reading - Short Debate - Passed 113-000-001 `reading-3, passage`
- **2011-01-05** Secretary's Desk - Concurrence House Amendment(s) 1
- **2011-01-05** Placed on Calendar Order of Concurrence House Amendment(s) 1 - January 6, 2011
- **2011-01-05** House Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Iris Y. Martinez `filing`
- **2011-01-05** House Floor Amendment No. 1 Motion to Concur Referred to Assignments `referral-committee`
- **2011-01-05** House Floor Amendment No. 1 Motion to Concur Assignments Referred to Insurance `referral-committee`
- **2011-01-06** House Floor Amendment No. 1 Motion To Concur Recommended Do Adopt Insurance; 008-000-001
- **2011-01-06** Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins
- **2011-01-06** House Floor Amendment No. 1 Senate Concurs 045-009-001
- **2011-01-06** Passed Both Houses
- **2011-01-18** Sent to the Governor `executive-receipt`
- **2011-02-04** Governor Approved `executive-signature`
- **2011-02-04** Effective Date February 4, 2011
- **2011-02-04** Public Act . . . . . . . . . 96-1519 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/50ca19ff-7e56-40e4-8dc8-5acf18d8fd6f`. Confidence: reported (aggregated from official Illinois legislature records).