Illinois Senate Bill 1647

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Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on February 8 2023 - 25% progression
Action: 2023-02-15 - Added as Co-Sponsor Sen. Adriane Johnson
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Downstate Teacher Article of the Illinois Pension Code. In a provision that requires the System to automatically enroll certain employees in the System's defined contribution benefit, provides an exception for employees whose school district provides an alternative qualifying plan. Provides that the alternative qualifying plan shall abide by the automatic enrollment procedures and automatic increase in contribution provisions applicable to the System's defined contribution benefit. Sets forth additional requirements for alternative qualifying plans. Requires a school district that has an alternative qualifying plan to file a letter of compliance, passed by resolution of the school board, with the System. Effective immediately.

PENCD-TRS-DEFINED CONTRIBUTION

Sen. Robert Martwick [D]

Sen. Laura Fine [D]

Sen. Adriane Johnson [D]

Date	Chamber	Action
2023-02-15	Senate	Added as Co-Sponsor Sen. Adriane Johnson
2023-02-09	Senate	Added as Co-Sponsor Sen. Laura Fine
2023-02-08	Senate	Referred to Assignments
2023-02-08	Senate	First Reading
2023-02-08	Senate	Filed with Secretary by Sen. Robert F. Martwick

Chapter	Article	Section	Citation Type	Statute Text
40	5	16-204	Amended Code	Citation Text
40	5	16-207	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1647&GAID=17&DocTypeID=SB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/SB/10300SB1647.htm