Illinois General Assembly - Bill Status for HB2349

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Bill Status of HB2349 98th General Assembly

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Short Description: DEFERRED COMP-COMMUNITY COLLS

House Sponsors
Rep. John E. Bradley

Last Action

Date	Chamber	Action
12/3/2014	House	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/24-101

from Ch. 108 1/2, par. 24-101

40 ILCS 5/24-105.1

40 ILCS 5/24-107

from Ch. 108 1/2, par. 24-107

Synopsis As Introduced
Amends the Deferred Compensation Article of the Illinois Pension Code. Provides that a school district or community college district may administer a plan authorized in Section 403(b) of the Internal Revenue Code of 1986 and may authorize companies to provide annuities and other investments as part of the plan without a competitive selection process, subject to certain stated conditions. Among those conditions, provides that the company may not charge more than 10 times the fees and expenses of an investment in the deferred compensation plan for State employees. Effective immediately.

Actions

Date	Chamber	Action
2/19/2013	House	Filed with the Clerk by Rep. John E. Bradley
2/19/2013	House	First Reading
2/19/2013	House	Referred to Rules Committee
12/3/2014	House	Session Sine Die

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