IL HB4476 | 2013-2014 | 98th General Assembly
Status
Completed Legislative Action
Sponsorship: Partisan Bill (Republican 1)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Sponsorship: Partisan Bill (Republican 1)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the General Assembly, State Employee, State Universities, and the Downstate Teacher Articles of the Illinois Pension Code. Provides that if the defined contribution plan becomes inoperative pursuant to law (currently, being terminated or becoming inoperative pursuant to law), then each participant will be automatically deemed to be a contributing Tier 1 participant and the System shall be entitled to recover the amounts in the participant's defined contribution accounts.
Title
PEN CD-DEFINED CONTRIB-RECOVER
Sponsors
| Rep. Jeanne Ives [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2014-12-03 | House | Session Sine Die |
| 2014-02-03 | House | Referred to Rules Committee |
| 2014-02-03 | House | First Reading |
| 2014-01-30 | House | Filed with the Clerk by Rep. Jeanne M Ives |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 40 | 5 | 14-156 | Amended Code | Citation Text |
| 40 | 5 | 15-201 | Amended Code | Citation Text |
| 40 | 5 | 16-206 | Amended Code | Citation Text |
| 40 | 5 | 2-166 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4476&GAID=12&DocTypeID=HB&SessionID=85&GA=98 |
| Text | https://www.ilga.gov/legislation/98/HB/09800HB4476.htm |
