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 Bill Status of HB2360  100th General Assembly


Short Description:  SECURE CHOICE SAVINGS PROGRAM

House Sponsors
Rep. Barbara Flynn Currie - David McSweeney - Robert Martwick - Michael J. Zalewski, Al Riley and Carol Ammons

Senate Sponsors
(Sen. Daniel Biss - Patricia Van Pelt - Jacqueline Y. Collins and Pat McGuire)

Last Action
DateChamber Action
  6/30/2017HousePublic Act . . . . . . . . . 100-0006

Statutes Amended In Order of Appearance
820 ILCS 80/15
820 ILCS 80/30
820 ILCS 80/55
820 ILCS 80/60


Synopsis As Introduced
Amends the Illinois Secure Choice Savings Program Act. Requires the Board to select a default contribution rate within the range of 3% to 6% of an enrollee's wages (rather than 3% of wages). Provides that the Program shall begin during 2018, rather than by July 1, 2017. Provides that the Board shall establish an implementation timeline that ensures that all employees are required to enroll in the Program by December 31, 2020. Provides that the Illinois Secure Choice Savings Program Fund is a instrumentality of the State and not subject to specified provisions of the Illinois Securities Law of 1953. Effective immediately.

Actions 
DateChamber Action
  2/2/2017HouseFiled with the Clerk by Rep. Barbara Flynn Currie
  2/3/2017HouseFirst Reading
  2/3/2017HouseReferred to Rules Committee
  2/14/2017HouseAssigned to Personnel & Pensions Committee
  2/22/2017HouseAdded Chief Co-Sponsor Rep. David McSweeney
  2/22/2017HouseAdded Chief Co-Sponsor Rep. Robert Martwick
  2/22/2017HouseAdded Chief Co-Sponsor Rep. Michael J. Zalewski
  2/24/2017HouseDo Pass / Short Debate Personnel & Pensions Committee; 012-002-000
  2/24/2017HousePlaced on Calendar 2nd Reading - Short Debate
  2/28/2017HouseAdded Co-Sponsor Rep. Al Riley
  3/7/2017HouseSecond Reading - Short Debate
  3/7/2017HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/9/2017HouseAdded Co-Sponsor Rep. Carol Ammons
  3/9/2017HouseThird Reading - Short Debate - Passed 068-036-000
  3/9/2017SenateArrive in Senate
  3/9/2017SenatePlaced on Calendar Order of First Reading
  3/9/2017SenateChief Senate Sponsor Sen. Daniel Biss
  3/9/2017SenateFirst Reading
  3/9/2017SenateReferred to Assignments
  3/15/2017SenateAssigned to State Government
  3/29/2017SenateAdded as Alternate Co-Sponsor Sen. Pat McGuire
  3/29/2017SenateDo Pass State Government; 007-000-000
  3/29/2017SenatePlaced on Calendar Order of 2nd Reading
  3/29/2017SenateSecond Reading
  3/29/2017SenatePlaced on Calendar Order of 3rd Reading March 30, 2017
  4/12/2017SenateAdded as Alternate Chief Co-Sponsor Sen. Patricia Van Pelt
  5/3/2017SenateAdded as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins
  5/3/2017SenateThird Reading - Passed; 053-001-000
  5/3/2017HousePassed Both Houses
  6/1/2017HouseSent to the Governor
  6/30/2017HouseGovernor Approved
  6/30/2017HouseEffective Date June 30, 2017
  6/30/2017HousePublic Act . . . . . . . . . 100-0006

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