Illinois General Assembly - Full Text of SB2103
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Full Text of SB2103  102nd General Assembly

SB2103sam001 102ND GENERAL ASSEMBLY

Sen. Robert F. Martwick

Filed: 3/23/2021

 

 


 

 


 
10200SB2103sam001LRB102 12567 RPS 23879 a

1
AMENDMENT TO SENATE BILL 2103

2    AMENDMENT NO. ______. Amend Senate Bill 2103 as follows:
 
3on page 1, by replacing lines 8 through 14 with the following:
4"As soon as practicable after August 10, 2018 (the effective
5date of Public Act 100-769) this amendatory Act of the 100th
6General Assembly, the System shall offer a defined
7contribution plan benefit to participating employees active
8members of the System employed by eligible employers described
9under Section 457(e)(1)(A) of the Internal Revenue Code of
101986, as amended. The defined contribution plan benefit shall
11be an optional plan benefit to any such participating employee
12member who chooses to participate. Eligible employers shall
13adopt the plan with an effective date no later than September
141, 2021. For plan years beginning on or after July 1, 2022, the
15defined"; and
 
16on page 2, line 10, after the period, by inserting "The changes

 

 

10200SB2103sam001- 2 -LRB102 12567 RPS 23879 a

1made to this Section by this amendatory Act of the 102nd
2General Assembly are corrections of existing law and are
3intended to be retroactive to August 10, 2018 (the effective
4date of Public Act 100-769), notwithstanding Section 1-103.1
5of this Code.".