IL HB5495 | 2011-2012 | 97th General Assembly

Status

Completed Legislative Action
Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: Passed on January 25 2013 - 100% progression
Action: 2013-01-25 - Public Act . . . . . . . . . 97-1154
Text: Latest bill text (Chaptered) [HTML]

Summary

Amends the State Mandates Act. Provides that nothing in the amendatory Act shall override the process established under the provision of the School Code concerning the prohibition against unfunded mandates. Amends the Counties Code and Illinois Municipal Code to provide that beginning January 1, 2015, if a county or municipality offers a 457(b) plan to its officers, employees, or both, or makes contributions to such a plan on behalf of its officers, employees, or both, then that county or municipality, and the persons acting under its authority, must act in accordance with the prudent investor rule when making plan-related decisions. Limits the concurrent exercise of home rule powers. Amends the School Code to provide that beginning January 1, 2015, if a school board other than the Chicago Board of Education offers a 403(b) or 457(b) plan to its officers, employees, or both, or makes contributions to such a plan on behalf of its officers, employees, or both, then that school board, and the persons acting under its authority, must act in accordance with the prudent investor rule when making plan-related decisions.

Tracking Information

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Title

DEFINED CONTRIB PLANS-PRUDENCE

Sponsors


Roll Calls

2013-01-08 - House - Concurrence in House (Y: 80 N: 30 NV: 2 Abs: 0) [PASS]
2013-01-08 - House - Concurrence in House (Y: 80 N: 30 NV: 2 Abs: 0) [PASS]
2013-01-03 - Senate - Third Reading in Senate (Y: 37 N: 15 NV: 7 Abs: 0) [PASS]
2012-03-29 - House - Third Reading in House (Y: 109 N: 0 NV: 0 Abs: 2) [PASS]

History

DateChamberAction
2013-01-25HousePublic Act . . . . . . . . . 97-1154
2013-01-25HouseEffective Date January 25, 2013
2013-01-25HouseGovernor Approved
2013-01-11HouseSent to the Governor
2013-01-08HousePassed Both Houses
2013-01-08HouseHouse Concurs
2013-01-08HouseSenate Floor Amendment No. 5 House Concurs 080-030-001
2013-01-08HouseSenate Committee Amendment No. 1 House Concurs 080-030-001
2013-01-06HouseSenate Floor Amendment No. 5 Motion to Concur Recommends Be Adopted Rules Committee; 003-001-000
2013-01-06HouseSenate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 003-001-000
2013-01-06HouseSenate Floor Amendment No. 5 Motion to Concur Referred to Rules Committee
2013-01-06HouseSenate Floor Amendment No. 5 Motion Filed Concur Rep. Elaine Nekritz
2013-01-06HouseSenate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
2013-01-06HouseSenate Committee Amendment No. 1 Motion Filed Concur Rep. Elaine Nekritz
2013-01-06HouseChief Sponsor Changed to Rep. Elaine Nekritz
2013-01-04HouseChief Sponsor Changed to Rep. John E. Bradley
2013-01-04HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1, 5
2013-01-04HouseArrived in House
2013-01-03SenateThird Reading - Passed; 037-015-000
2013-01-03SenatePlaced on Calendar Order of 3rd Reading
2013-01-03SenateSenate Floor Amendment No. 5 Adopted; Garrett
2013-01-03SenateSenate Floor Amendment No. 4 Withdrawn by Sen. Don Harmon
2013-01-03SenateSenate Floor Amendment No. 3 Withdrawn by Sen. Don Harmon
2013-01-03SenateSenate Floor Amendment No. 2 Withdrawn by Sen. Don Harmon
2013-01-03SenateRecalled to Second Reading
2013-01-03SenateAlternate Chief Sponsor Changed to Sen. Susan Garrett
2013-01-03SenateSenate Floor Amendment No. 5 Recommend Do Adopt Revenue; 006-003-000
2013-01-02SenateRule 2-10 Third Reading Deadline Established As January 8, 2013
2013-01-02SenateSenate Floor Amendment No. 4 Be Approved for Consideration Assignments
2013-01-02SenateSenate Floor Amendment No. 3 Be Approved for Consideration Assignments
2013-01-02SenateSenate Floor Amendment No. 2 Be Approved for Consideration Assignments
2013-01-02SenateSenate Floor Amendment No. 5 Assignments Refers to Revenue
2013-01-02SenateSenate Floor Amendment No. 5 Referred to Assignments
2013-01-02SenateSenate Floor Amendment No. 5 Filed with Secretary by Sen. Susan Garrett
2013-01-02SenatePlaced on Calendar Order of 3rd Reading January 3, 2013
2013-01-02SenateApproved for Consideration Assignments
2012-07-01SenateSenate Floor Amendment No. 4 Re-referred to Assignments; Pursuant to Senate Rule 3-9(b).
2012-07-01SenateSenate Floor Amendment No. 3 Re-referred to Assignments; Pursuant to Senate Rule 3-9(b).
2012-07-01SenateSenate Floor Amendment No. 2 Re-referred to Assignments; Pursuant to Senate Rule 3-9(b).
2012-07-01SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
2012-05-31SenateSenate Floor Amendment No. 4 Recommend Do Adopt Executive; 011-002-000
2012-05-31SenateSenate Floor Amendment No. 3 Recommend Do Adopt Executive; 011-002-000
2012-05-31SenateSenate Floor Amendment No. 2 Recommend Do Adopt Executive; 011-002-000
2012-05-31SenateSenate Floor Amendment No. 4 Assignments Refers to Executive
2012-05-30SenateSenate Floor Amendment No. 2 Assignments Refers to Executive
2012-05-30SenateSenate Floor Amendment No. 2 Assignments Refers to Assignments
2012-05-30SenateSenate Floor Amendment No. 3 Assignments Refers to Executive
2012-05-30SenateSenate Floor Amendment No. 4 Referred to Assignments
2012-05-30SenateSenate Floor Amendment No. 4 Filed with Secretary by Sen. Don Harmon
2012-05-30SenateSenate Floor Amendment No. 3 Referred to Assignments
2012-05-30SenateSenate Floor Amendment No. 3 Filed with Secretary by Sen. Don Harmon
2012-05-25SenateRule 2-10 Third Reading Deadline Established As May 31, 2012
2012-05-23SenateSenate Floor Amendment No. 2 Postponed - Pensions and Investments
2012-05-22SenateSenate Floor Amendment No. 2 Assignments Refers to Pensions and Investments
2012-05-22SenateSenate Floor Amendment No. 2 Referred to Assignments
2012-05-22SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Don Harmon
2012-05-18SenatePlaced on Calendar Order of 3rd Reading May 21, 2012
2012-05-18SenateSecond Reading
2012-05-16SenatePlaced on Calendar Order of 2nd Reading May 17, 2012
2012-05-16SenateDo Pass as Amended Pensions and Investments; 007-002-000
2012-05-16SenateSenate Committee Amendment No. 1 Adopted
2012-05-15SenateSenate Committee Amendment No. 1 Assignments Refers to Pensions and Investments
2012-05-10SenateSenate Committee Amendment No. 1 Referred to Assignments
2012-05-10SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon
2012-05-09SenateHeld in Pensions and Investments
2012-05-07SenateAlternate Chief Sponsor Changed to Sen. Don Harmon
2012-05-04SenateRule 2-10 Committee Deadline Established As May 25, 2012
2012-05-02SenatePostponed - Pensions and Investments
2012-04-18SenateHeld in Pensions and Investments
2012-04-11SenateAssigned to Pensions and Investments
2012-03-30SenateReferred to Assignments
2012-03-30SenateFirst Reading
2012-03-30SenateChief Senate Sponsor Sen. Susan Garrett
2012-03-30SenatePlaced on Calendar Order of First Reading
2012-03-30SenateArrive in Senate
2012-03-29HouseThird Reading - Short Debate - Passed 109-000-000
2012-03-29HouseAdded Co-Sponsor Rep. Sidney H. Mathias
2012-03-29HousePlaced on Calendar Order of 3rd Reading - Short Debate
2012-03-29HouseFiscal Note Filed
2012-03-28HouseFiscal Note Filed
2012-03-28HouseHome Rule Note Filed
2012-03-28HouseState Mandates Fiscal Note Filed
2012-03-27HouseHeld on Calendar Order of Second Reading - Short Debate
2012-03-27HouseSecond Reading - Short Debate
2012-03-27HouseAdded Co-Sponsor Rep. Karen May
2012-03-27HouseHome Rule Note Requested by Rep. Ed Sullivan, Jr.
2012-03-27HouseState Mandates Fiscal Note Requested by Rep. Ed Sullivan, Jr.
2012-03-27HouseFiscal Note Requested by Rep. Ed Sullivan, Jr.
2012-03-26HouseAdded Co-Sponsor Rep. Lou Lang
2012-03-22HouseRemove Chief Co-Sponsor Rep. Linda Chapa LaVia
2012-03-22HouseRemove Chief Co-Sponsor Rep. Carol A. Sente
2012-03-22HouseRemove Chief Co-Sponsor Rep. Keith Farnham
2012-03-22HouseRemove Chief Co-Sponsor Rep. Jack D. Franks
2012-03-22HouseAdded Chief Co-Sponsor Rep. Linda Chapa LaVia
2012-03-22HouseAdded Chief Co-Sponsor Rep. Carol A. Sente
2012-03-22HouseAdded Chief Co-Sponsor Rep. Keith Farnham
2012-03-22HouseAdded Chief Co-Sponsor Rep. Jack D. Franks
2012-03-09HousePlaced on Calendar 2nd Reading - Short Debate
2012-03-08HouseDo Pass / Short Debate Personnel and Pensions Committee; 008-000-000
2012-02-27HouseAssigned to Personnel and Pensions Committee
2012-02-15HouseReferred to Rules Committee
2012-02-15HouseFirst Reading
2012-02-10HouseFiled with the Clerk by Rep. Elaine Nekritz

Code Citations

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Illinois State Sources

TypeSource
Summaryhttp://www.ilga.gov/legislation/BillStatus.asp?DocNum=5495&GAID=11&DocTypeID=HB&SessionID=84&GA=97
Texthttp://www.ilga.gov/legislation/97/HB/09700HB5495.htm
Texthttp://www.ilga.gov/legislation/97/HB/09700HB5495eng.htm
Texthttp://www.ilga.gov/legislation/97/HB/09700HB5495sam001.htm
Texthttp://www.ilga.gov/legislation/97/HB/09700HB5495sam002.htm
Texthttp://www.ilga.gov/legislation/97/HB/09700HB5495sam003.htm
Texthttp://www.ilga.gov/legislation/97/HB/09700HB5495sam004.htm
Texthttp://www.ilga.gov/legislation/97/HB/09700HB5495sam005.htm
Texthttp://www.ilga.gov/legislation/97/HB/09700HB5495enr.htm
Texthttp://www.ilga.gov/legislation/publicacts/97/097-1154.htm
Roll Callhttp://www.ilga.gov/legislation/votehistory/97/house/09700HB5495_03292012_018000T.pdf
Roll Callhttp://www.ilga.gov/legislation/votehistory/97/senate/09700HB5495_01032013_015000T.pdf
Roll Callhttp://www.ilga.gov/legislation/votehistory/97/house/09700HB5495_01082013_006001C.pdf
Roll Callhttp://www.ilga.gov/legislation/votehistory/97/house/09700HB5495_01082013_006000C.pdf

Bill Comments

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