Bill Status of HB0315  99th General Assembly

Short Description:  PEN CD-SURS-ROTH ACCOUNT

House Sponsors
Rep. Joe Sosnowski and Thomas Morrison

Last Action
DateChamber Action
  1/10/2017HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/15-158.2

Synopsis As Introduced
Amends the State Universities Article of the Illinois Pension Code. In a Section relating to the self-managed plan, provides that pursuant to federal law, all employees with applicable retirement plans will be provided options to: (i) establish, (ii) contribute to, and (iii) transfer any guaranteed or vested portion of their traditional accounts, on any day, into qualified in-plan Roth accounts, without distribution. Effective immediately.

DateChamber Action
  1/27/2015HouseFiled with the Clerk by Rep. Joe Sosnowski
  1/27/2015HouseFirst Reading
  1/27/2015HouseReferred to Rules Committee
  2/18/2015HouseAdded Co-Sponsor Rep. Thomas Morrison
  1/10/2017HouseSession Sine Die