Illinois General Assembly

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 Bill Status of SB1534  98th General Assembly


Short Description:  DEFERRED COMP-ROTH ROLLOVERS

Senate Sponsors
Sen. Chapin Rose

House Sponsors
(Rep. Jil Tracy - Adam Brown - Pam Roth, Jack D. Franks, Keith Farnham, Carol A. Sente and Linda Chapa LaVia)

Last Action
DateChamber Action
  8/16/2013SenatePublic Act . . . . . . . . . 98-0491

Statutes Amended In Order of Appearance
40 ILCS 5/24-105.1


Synopsis As Introduced
Amends the Deferred Compensation Article of the Illinois Pension Code. Provides that to the extent that federal law or regulations have been changed to allow plans established under Section 457 of the Internal Revenue Code to be amended to allow designated Roth contributions and in-plan rollovers to designated Roth accounts, the Department of Central Management Services and units of local government with such plans shall within a reasonable time amend their plans accordingly.

Actions 
DateChamber Action
  2/13/2013SenateFiled with Secretary by Sen. Chapin Rose
  2/13/2013SenateFirst Reading
  2/13/2013SenateReferred to Assignments
  2/27/2013SenateAssigned to State Government and Veterans Affairs
  3/6/2013SenateDo Pass State Government and Veterans Affairs; 011-000-000
  3/6/2013SenatePlaced on Calendar Order of 2nd Reading March 7, 2013
  3/13/2013SenateSecond Reading
  3/13/2013SenatePlaced on Calendar Order of 3rd Reading March 14, 2013
  4/10/2013SenateThird Reading - Passed; 053-000-000
  4/10/2013HouseArrived in House
  4/10/2013HouseChief House Sponsor Rep. Jil Tracy
  4/11/2013HouseAdded Alternate Chief Co-Sponsor Rep. Adam Brown
  4/11/2013HouseFirst Reading
  4/11/2013HouseReferred to Rules Committee
  5/6/2013HouseAssigned to Personnel and Pensions Committee
  5/10/2013HouseFinal Action Deadline Extended-9(b) May 24, 2013
  5/16/2013HouseDo Pass / Short Debate Personnel and Pensions Committee; 009-000-000
  5/16/2013HousePlaced on Calendar 2nd Reading - Short Debate
  5/17/2013HouseSecond Reading - Short Debate
  5/17/2013HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/22/2013HouseAdded Alternate Chief Co-Sponsor Rep. Pam Roth
  5/22/2013HouseThird Reading - Short Debate - Passed 117-000-000
  5/22/2013HouseAdded Alternate Co-Sponsor Rep. Jack D. Franks
  5/22/2013HouseAdded Alternate Co-Sponsor Rep. Keith Farnham
  5/22/2013HouseAdded Alternate Co-Sponsor Rep. Carol A. Sente
  5/22/2013HouseAdded Alternate Co-Sponsor Rep. Linda Chapa LaVia
  5/22/2013SenatePassed Both Houses
  6/20/2013SenateSent to the Governor
  8/16/2013SenateGovernor Approved
  8/16/2013SenateEffective Date January 1, 2014
  8/16/2013SenatePublic Act . . . . . . . . . 98-0491

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