Illinois House Bill 3082 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: Passed on August 9 2019 - 100% progression
Action: 2019-08-09 - Public Act . . . . . . . . . 101-0277
Text: Latest bill text (Chaptered) [HTML]

Reinserts the provisions of the introduced bill with the following changes. Provides that if a participating employee fails to direct the investment of amounts deferred into the various investment options offered to the participant, the amounts deferred shall be invested in the Plan's default investment fund and the investment shall be deemed to have been made at the participant's investment direction. Provides that an employee automatically enrolled into the deferred compensation plan shall have 3% of his or her pre-tax gross compensation (instead of gross compensation) for each compensation period deferred into his or her deferred compensation account. Provides that an employee shall have 30 days from the start date of employment (instead of 6 months from the date of enrollment) to elect to not participate in the deferred compensation plan or to elect to increase or reduce the amount of gross compensation deferred. Provides that an employee shall be automatically enrolled in the deferred compensation plan beginning the first day of the pay period following the employee's thirtieth day of employment. Makes changes to provisions concerning withdrawal from the deferred compensation plan. Provides that an employee electing to withdraw from the deferred compensation plan shall forfeit all employer matching contributions, if any, made prior to the election. Provides that any refunded amount shall be included in the employee's gross income for the taxable year in which the refund is issued.

PEN CD-DEFERRED COMPENSATION

Sen. Robert Martwick [D]	Rep. Michael Zalewski [D]	Rep. Timothy Butler [R]	Rep. John D'Amico [D]
Sen. Omar Aquino [D]

2019-05-22 - Senate - Third Reading in Senate (Y: 59 N: 0 NV: 0 Abs: 0) [PASS]
2019-04-09 - House - Third Reading in House (Y: 111 N: 0 NV: 2 Abs: 0) [PASS]

Date	Chamber	Action
2019-08-09	House	Public Act . . . . . . . . . 101-0277
2019-08-09	House	Effective Date January 1, 2020
2019-08-09	House	Governor Approved
2019-06-20	House	Sent to the Governor
2019-05-22	House	Passed Both Houses
2019-05-22	Senate	Third Reading - Passed; 059-000-000
2019-05-14	Senate	Placed on Calendar Order of 3rd Reading May 15, 2019
2019-05-14	Senate	Second Reading
2019-05-01	Senate	Placed on Calendar Order of 2nd Reading May 2, 2019
2019-05-01	Senate	Do Pass Government Accountability and Ethics; 009-000-000
2019-04-24	Senate	Assigned to Government Accountability and Ethics
2019-04-10	Senate	Referred to Assignments
2019-04-10	Senate	First Reading
2019-04-10	Senate	Chief Senate Sponsor Sen. Omar Aquino
2019-04-10	Senate	Placed on Calendar Order of First Reading
2019-04-10	Senate	Arrive in Senate
2019-04-09	House	Added Co-Sponsor Rep. John C. D'Amico
2019-04-09	House	Added Co-Sponsor Rep. Tim Butler
2019-04-09	House	Third Reading - Short Debate - Passed 111-000-000
2019-04-03	House	Placed on Calendar Order of 3rd Reading - Short Debate
2019-04-03	House	Second Reading - Short Debate
2019-03-29	House	Placed on Calendar 2nd Reading - Short Debate
2019-03-28	House	Do Pass as Amended / Short Debate Personnel & Pensions Committee; 009-000-000
2019-03-28	House	House Committee Amendment No. 1 Adopted in Personnel & Pensions Committee; by Voice Vote
2019-03-28	House	Added Chief Co-Sponsor Rep. Michael J. Zalewski
2019-03-27	House	House Committee Amendment No. 1 Rules Refers to Personnel & Pensions Committee
2019-03-26	House	House Committee Amendment No. 1 Referred to Rules Committee
2019-03-26	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Robert Martwick
2019-03-05	House	Assigned to Personnel & Pensions Committee
2019-02-15	House	Referred to Rules Committee
2019-02-15	House	First Reading
2019-02-15	House	Filed with the Clerk by Rep. Robert Martwick

Chapter	Article	Section	Citation Type	Statute Text
40	5	24-105.2	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3082&GAID=15&DocTypeID=HB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/HB/10100HB3082.htm
Text	https://www.ilga.gov/legislation/101/HB/10100HB3082eng.htm
Text	https://www.ilga.gov/legislation/101/HB/10100HB3082enr.htm
Text	https://www.ilga.gov/legislation/publicacts/101/101-0277.htm
Amendment	https://www.ilga.gov/legislation/101/HB/10100HB3082ham001.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/101/house/10100HB3082_04092019_023000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/101/senate/10100HB3082_05222019_003000T.pdf