Illinois SB3403 amends the Illinois Pension Code to modify audit requirements for the Illinois State Board of Investment.
Illinois SB3403 amends the Illinois Pension Code to modify audit requirements for the Illinois State Board of Investment. The Board must submit an annual report to each pension fund, retirement system, or education fund under its jurisdiction within six months after the fiscal year's end. If the Board has not received the audit opinion by December 15, it will not be considered in violation of the annual report requirement.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.