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 Bill Status of HB3707  100th General Assembly


Short Description:  PEN CD-GARS SELF-DIRECTED PLAN

House Sponsors
Rep. Sheri Jesiel - Allen Skillicorn, Margo McDermed, Jeanne M Ives, Reginald Phillips, Kelly M. Burke, Barbara Wheeler, Brad Halbrook, Thomas Morrison, C.D. Davidsmeyer, Ryan Spain, Jerry Lee Long, Sara Wojcicki Jimenez, Patricia R. Bellock, Nick Sauer and Grant Wehrli

Last Action
DateChamber Action
  3/31/2017HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
40 ILCS 5/2-105.3 new
40 ILCS 5/2-167 new
40 ILCS 5/2-105.1 rep.


Synopsis As Introduced
Amends the General Assembly Article of the Illinois Pension Code. Requires the General Assembly Retirement System to establish a self-directed retirement plan. Provides that for persons who become a participant on or after the effective date of the amendatory Act, participation in the System shall be limited to participation in the self-directed retirement plan. Allows a Tier 1 or Tier 2 participant to make an irrevocable election to participate in the self-directed retirement plan instead of the defined benefit plan. Makes changes to the pensionable salary for active participants. Provides that upon a participant's first day of participation in the self-directed retirement plan, the participant becomes vested in his or her contributions to the self-directed retirement plan, the employer's contributions to the self-directed retirement plan, and the investment returns attributable to those contributions credited to his or her account.

Actions 
DateChamber Action
  2/10/2017HouseFiled with the Clerk by Rep. Sheri Jesiel
  2/10/2017HouseFirst Reading
  2/10/2017HouseReferred to Rules Committee
  2/17/2017HouseAdded Chief Co-Sponsor Rep. Allen Skillicorn
  2/24/2017HouseAdded Co-Sponsor Rep. Margo McDermed
  3/1/2017HouseAssigned to Personnel & Pensions Committee
  3/7/2017HouseAdded Co-Sponsor Rep. Jeanne M Ives
  3/7/2017HouseAdded Co-Sponsor Rep. Reginald Phillips
  3/7/2017HouseAdded Co-Sponsor Rep. Kelly M. Burke
  3/7/2017HouseAdded Co-Sponsor Rep. Barbara Wheeler
  3/7/2017HouseAdded Co-Sponsor Rep. Brad Halbrook
  3/7/2017HouseAdded Co-Sponsor Rep. Thomas Morrison
  3/7/2017HouseAdded Co-Sponsor Rep. C.D. Davidsmeyer
  3/7/2017HouseAdded Co-Sponsor Rep. Steven Reick
  3/9/2017HouseAdded Co-Sponsor Rep. Ryan Spain
  3/9/2017HouseAdded Co-Sponsor Rep. Jerry Lee Long
  3/9/2017HouseAdded Co-Sponsor Rep. Sara Wojcicki Jimenez
  3/9/2017HouseAdded Co-Sponsor Rep. Patricia R. Bellock
  3/9/2017HouseAdded Co-Sponsor Rep. Nick Sauer
  3/15/2017HouseAdded Co-Sponsor Rep. Grant Wehrli
  3/16/2017HouseRemoved Co-Sponsor Rep. Steven Reick
  3/24/2017HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Sheri Jesiel
  3/24/2017HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/27/2017HouseHouse Committee Amendment No. 1 Rules Refers to Personnel & Pensions Committee
  3/31/2017HouseRule 19(a) / Re-referred to Rules Committee
  3/31/2017HouseHouse Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee

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