Bill Title: Amends the Illinois Secure Choice Savings Program Act. Requires the Board to select a default contribution rate within the range of 3% to 6% of an enrollee's wages (rather than 3% of wages). Provides that the Program shall begin during 2018, rather than by July 1, 2017. Provides that the Board shall establish an implementation timeline that ensures that all employees are required to enroll in the Program by December 31, 2020. Provides that the Illinois Secure Choice Savings Program Fund is a instrumentality of the State and not subject to specified provisions of the Illinois Securities Law of 1953. Effective immediately.

Spectrum: Moderate Partisan Bill (Democrat 9-1)

Status: (Passed) 2017-06-30 - Public Act . . . . . . . . . 100-0006 [HB2360 Detail]

Text: Latest bill text (Chaptered) [HTML]

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