Illinois General Assembly - Bill Status for SB0208
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 Bill Status of SB0208  102nd General Assembly


Short Description:  SECURE CHOICE SAVINGS PROGRAM

Senate Sponsors
Sen. Robert F. Martwick - Scott M. Bennett - Robert Peters - Doris Turner - Jacqueline Y. Collins, Ram Villivalam, Cristina Castro and Melinda Bush

House Sponsors
(Rep. Will Guzzardi)

Last Action
DateChamber Action
  5/4/2021HouseAssigned to Executive Committee

Statutes Amended In Order of Appearance
820 ILCS 80/5
820 ILCS 80/30
820 ILCS 80/60
820 ILCS 80/85


Synopsis As Introduced
Amends the Illinois Secure Choice Savings Program Act. Removes all references to and the definition of "small employer". Provides that the Act applies to employers with at least one employee (rather than employers with fewer than 25 employees). Requires the Illinois Secure Choice Savings Board to (i) establish annual automatic increases to the contribution rates and (ii) verify employee eligibility for auto-enrollment in accordance with the Internal Revenue Code and applicable federal and State laws. Makes changes regarding penalties for employers who fail, without reasonable cause, to enroll an employee in the Illinois Secure Choice Savings Program (Program). Provides that, for purposes of the penalties, the Department of Revenue shall determine total employee count for employers using the annual average from employer-reported quarterly data. Provides that the Department may provide notice regarding penalties in an electronic format to be determined by the Department. Removes a provision authorizing the Department to implement the penalties 9 months after the Illinois Secure Choice Savings Board notifies the Director of Revenue that the Program has been implemented.

Senate Committee Amendment No. 1
Provides that the Act applies to employers with at least 5 employees, rather than at least one employee. (Current law applies to employers with fewer than 25 employees.) Provides that a small employer is an employer that employed less than 5 employees during any quarter of the previous calendar year, rather than less than 25 employees at any one time throughout the previous calendar year. Provides enrollment deadlines. Provides that small employers may, but are not required to, establish payroll deduction arrangements for retirement savings arrangements.

Actions 
DateChamber Action
  2/17/2021SenateFiled with Secretary by Sen. Robert F. Martwick
  2/17/2021SenateFirst Reading
  2/17/2021SenateReferred to Assignments
  2/24/2021SenateAssigned to State Government
  3/5/2021SenateAdded as Chief Co-Sponsor Sen. Scott M. Bennett
  3/5/2021SenateAdded as Chief Co-Sponsor Sen. Robert Peters
  3/12/2021SenateAdded as Chief Co-Sponsor Sen. Doris Turner
  3/15/2021SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Robert F. Martwick
  3/15/2021SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/16/2021SenateSenate Committee Amendment No. 1 Assignments Refers to State Government
  3/17/2021SenateSenate Committee Amendment No. 1 Postponed - State Government
  3/17/2021SenatePostponed - State Government
  3/18/2021SenateAdded as Co-Sponsor Sen. Ram Villivalam
  3/24/2021SenatePostponed - State Government
  3/25/2021SenateAdded as Chief Co-Sponsor Sen. Jacqueline Y. Collins
  3/26/2021SenateAdded as Co-Sponsor Sen. Cristina Castro
  4/14/2021SenateSenate Committee Amendment No. 1 Adopted
  4/15/2021SenateDo Pass as Amended State Government; 007-002-000
  4/15/2021SenatePlaced on Calendar Order of 2nd Reading April 20, 2021
  4/20/2021SenateAdded as Co-Sponsor Sen. Melinda Bush
  4/21/2021SenateSecond Reading
  4/21/2021SenatePlaced on Calendar Order of 3rd Reading April 22, 2021
  4/23/2021SenateThird Reading - Passed; 037-018-000
  4/26/2021HouseArrived in House
  4/26/2021HouseChief House Sponsor Rep. Will Guzzardi
  4/27/2021HouseFirst Reading
  4/27/2021HouseReferred to Rules Committee
  5/4/2021HouseAssigned to Executive Committee

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