IL HB0315 | 2015-2016 | 99th General Assembly
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 27 2015 - 25% progression, died in committee
Action: 2015-02-18 - Added Co-Sponsor Rep. Thomas Morrison
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 27 2015 - 25% progression, died in committee
Action: 2015-02-18 - Added Co-Sponsor Rep. Thomas Morrison
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the State Universities Article of the Illinois Pension Code. In a Section relating to the self-managed plan, provides that pursuant to federal law, all employees with applicable retirement plans will be provided options to: (i) establish, (ii) contribute to, and (iii) transfer any guaranteed or vested portion of their traditional accounts, on any day, into qualified in-plan Roth accounts, without distribution. Effective immediately.
Title
PEN CD-SURS-ROTH ACCOUNT
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2015-02-18 | House | Added Co-Sponsor Rep. Thomas Morrison |
| 2015-01-27 | House | Referred to Rules Committee |
| 2015-01-27 | House | First Reading |
| 2015-01-27 | House | Filed with the Clerk by Rep. Joe Sosnowski |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 40 | 5 | 15-158.2 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=315&GAID=13&DocTypeID=HB&SessionID=88&GA=99 |
| Text | https://www.ilga.gov/legislation/99/HB/09900HB0315.htm |
