Bill Title: Creates the Illinois Secure Choice Savings Program Act. Establishes a retirement savings program in the form of an automatic enrollment payroll deduction IRA with the intent of promoting greater retirement savings for private-sector employees in a convenient, low-cost, and portable manner. Creates the Illinois Secure Choice Savings Program Fund consisting of moneys received from enrollees and participating employers. Sets forth the composition of the Board, the Board's duties, and provisions governing risk management, investment firms, and investment options. Provides for employee and employer information packets, as well as program implementation and enrollment. Provides that the State shall have no duty or liability to any party for the payment of any retirement savings benefits accrued by any individual under the Program. Requires annual reports and audits of the Program. Sets forth penalties. Amends the State Finance Act to create the Illinois Secure Choice Savings Program Fund. Effective immediately.

Spectrum: Partisan Bill (Democrat 46-1)

Status: (Passed) 2015-01-05 - Public Act . . . . . . . . . 98-1150 [SB2758 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2015-01-05	HTML/Text	Link	View
Enrolled	2014-12-05	HTML/Text	Link	View
Amended	2014-12-01	HTML/Text	Link	View
Amended	2014-05-29	HTML/Text	Link	View
Amended	2014-05-28	HTML/Text	Link	View
Amended	2014-05-23	HTML/Text	Link	View
Amended	2014-05-23	HTML/Text	Link	View
Amended	2014-05-23	HTML/Text	Link	View
Amended	2014-05-19	HTML/Text	Link	View
Amended	2014-05-16	HTML/Text	Link	View
Engrossed	2014-04-09	HTML/Text	Link	View
Amended	2014-04-04	HTML/Text	Link	View
Amended	2014-04-04	HTML/Text	Link	View
Amended	2014-03-21	HTML/Text	Link	View
Amended	2014-03-17	HTML/Text	Link	View
Amended	2014-03-17	HTML/Text	Link	View
Amended	2014-03-14	HTML/Text	Link	View
Amended	2014-03-14	HTML/Text	Link	View
Amended	2014-03-14	HTML/Text	Link	View
Amended	2014-03-14	HTML/Text	Link	View
Amended	2014-03-14	HTML/Text	Link	View
Introduced	2014-01-28	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB2758

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB2758 currently on file.

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