IL SB3019 | 2019-2020 | 101st General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the State Universities Article of the Illinois Pension Code. Provides that as soon as practicable after the effective date of the amendatory Act, the optional defined contribution plan shall provide for an eligible automatic contribution arrangement that permits a withdrawal of default elective contributions in accordance with a specified provision of the Internal Revenue Code of 1986, as amended, and United States Department of Treasury regulations promulgated thereunder. Changes references from "defined contribution benefit" to "defined contribution plan". Effective immediately.

Tracking Information

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Title

PEN CD-SURS-OPTIONAL DC PLAN

Sponsors


History

DateChamberAction
2021-01-13SenateSession Sine Die
2020-05-15SenateRule 2-10 Third Reading/Passage Deadline Established As May 31, 2020
2020-05-07SenateRule 2-10 Third Reading/Passage Deadline Established As May 29, 2020
2020-04-30SenateRule 2-10 Third Reading/Passage Deadline Established As May 22, 2020
2020-04-23SenateRule 2-10 Third Reading/Passage Deadline Established As May 15, 2020
2020-04-12SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
2020-03-25SenateRule 2-10 Third Reading/Passage Deadline Established As May 7, 2020
2020-03-05SenateSenate Floor Amendment No. 1 Referred to Assignments
2020-03-05SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Robert F. Martwick
2020-02-20SenatePlaced on Calendar Order of 3rd Reading February 25, 2020
2020-02-20SenateSecond Reading
2020-02-19SenatePlaced on Calendar Order of 2nd Reading February 20, 2020
2020-02-19SenateDo Pass Government Accountability and Ethics; 012-000-000
2020-02-11SenateAssigned to Government Accountability and Ethics
2020-02-05SenateReferred to Assignments
2020-02-05SenateFirst Reading
2020-02-05SenateFiled with Secretary by Sen. Robert F. Martwick

Code Citations

ChapterArticleSectionCitation TypeStatute Text
40515-202Amended CodeCitation Text

Illinois State Sources


Bill Comments

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