Illinois Senate Bill 1781

---

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 9 2023 - 25% progression
Action: 2023-03-31 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Secure Choice Savings Program Act. Provides that the Illinois Secure Choice Savings Board shall determine the number and duties of staff members needed to administer the Illinois Secure Choice Savings Program and assemble such a staff in collaboration with the State Treasurer. Provides that the Board shall keep investment fees (rather than total annual expenses) as low as possible, but in no event shall they exceed 0.25% (rather than 0.75%). Provides that the Board may charge administrative fees, established by rule, that shall be consistent with industry standards. Provides that the definition of "employer" does not include the federal government, the State, any county, any municipal corporation, or any of the State's units or instrumentalities. Makes other changes. Effective immediately.

SECURE CHOICE-ADMINISTRATION

Sen. David Koehler [D]

Date	Chamber	Action
2023-03-31	Senate	Rule 3-9(a) / Re-referred to Assignments
2023-03-10	Senate	Placed on Calendar Order of 3rd Reading March 21, 2023
2023-03-10	Senate	Second Reading
2023-03-09	Senate	Placed on Calendar Order of 2nd Reading March 10, 2023
2023-03-09	Senate	Do Pass State Government; 009-000-000
2023-02-21	Senate	Assigned to State Government
2023-02-09	Senate	Referred to Assignments
2023-02-09	Senate	First Reading
2023-02-09	Senate	Filed with Secretary by Sen. David Koehler

Chapter	Article	Section	Citation Type	Statute Text
820	80	30	Amended Code	Citation Text
820	80	5	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1781&GAID=17&DocTypeID=SB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/SB/10300SB1781.htm