|SB1675 Enrolled||LRB102 14094 RPS 19446 b|
AN ACT concerning public employee benefits.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
The Illinois Pension Code is amended by
changing Section 24-105.2 as follows:
(40 ILCS 5/24-105.2)
Automatic enrollment for certain
The Department of Central Management Services shall
automatically enroll in the State Employees Deferred
Compensation Plan any employee who, on or after
July 1, 2020,
months after the effective date of this amendatory Act of the
101st General Assembly, first
participant of a retirement system created under Article 2,
14, or 18.
Any agency with employees subject to automatic
enrollment must systematically provide the employee data
necessary for enrollment to the Department of Central
Management Services or its designee.
An employee automatically
enrolled under this Section shall have 3% of his or her pre-tax
gross compensation for each compensation period deferred into
his or her deferred compensation account.
The Board may
increase the default percentage amount of compensation
deferred into employee accounts.
An employee shall have 30 days from the start date of