Bill Amendment: IL SB2103 | 2021-2022 | 102nd General Assembly

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: PEN CD-VARIOUS

Status: 2021-08-20 - Public Act . . . . . . . . . 102-0540 [SB2103 Detail]

Download: Illinois-2021-SB2103-Senate_Amendment_001.html

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Sen. Robert F. Martwick

Filed: 3/23/2021

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

10200SB2103sam001 - 2 - LRB102 12567 RPS 23879 a
made to this Section by this amendatory Act of the 102nd
General Assembly are corrections of existing law and are
intended to be retroactive to August 10, 2018 (the effective
date of Public Act 100-769), notwithstanding Section 1-103.1
of this Code.".