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Sen. Robert F. Martwick
Filed: 3/23/2021
| | 10200SB2103sam001 | | LRB102 12567 RPS 23879 a |
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| 1 | | AMENDMENT TO SENATE BILL 2103
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| 2 | | AMENDMENT NO. ______. Amend Senate Bill 2103 as follows:
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| 3 | | on page 1, by replacing lines 8 through 14 with the following: |
| 4 | | "As soon as practicable after August 10, 2018 (the effective |
| 5 | | date of Public Act 100-769) this amendatory Act of the 100th |
| 6 | | General Assembly, the System shall offer a defined |
| 7 | | contribution plan benefit to participating employees active |
| 8 | | members of the System employed by eligible employers described |
| 9 | | under Section 457(e)(1)(A) of the Internal Revenue Code of |
| 10 | | 1986, as amended. The defined contribution plan benefit shall |
| 11 | | be an optional plan benefit to any such participating employee |
| 12 | | member who chooses to participate. Eligible employers shall |
| 13 | | adopt the plan with an effective date no later than September |
| 14 | | 1, 2021. For plan years beginning on or after July 1, 2022, the |
| 15 | | defined"; and
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| 16 | | on page 2, line 10, after the period, by inserting "The changes |