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]
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.
Title
DEFINED CONTRIB PLANS-PRUDENCE
Sponsors
| Rep. Elaine Nekritz [D] | Rep. Louis Lang [D] | Rep. Karen May [D] | Rep. Sidney Mathias [R] |
| Sen. Susan Garrett [D] |
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]
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
| Date | Chamber | Action |
|---|---|---|
| 2013-01-25 | House | Public Act . . . . . . . . . 97-1154 |
| 2013-01-25 | House | Effective Date January 25, 2013 |
| 2013-01-25 | House | Governor Approved |
| 2013-01-11 | House | Sent to the Governor |
| 2013-01-08 | House | Passed Both Houses |
| 2013-01-08 | House | House Concurs |
| 2013-01-08 | House | Senate Floor Amendment No. 5 House Concurs 080-030-001 |
| 2013-01-08 | House | Senate Committee Amendment No. 1 House Concurs 080-030-001 |
| 2013-01-06 | House | Senate Floor Amendment No. 5 Motion to Concur Recommends Be Adopted Rules Committee; 003-001-000 |
| 2013-01-06 | House | Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 003-001-000 |
| 2013-01-06 | House | Senate Floor Amendment No. 5 Motion to Concur Referred to Rules Committee |
| 2013-01-06 | House | Senate Floor Amendment No. 5 Motion Filed Concur Rep. Elaine Nekritz |
| 2013-01-06 | House | Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee |
| 2013-01-06 | House | Senate Committee Amendment No. 1 Motion Filed Concur Rep. Elaine Nekritz |
| 2013-01-06 | House | Chief Sponsor Changed to Rep. Elaine Nekritz |
| 2013-01-04 | House | Chief Sponsor Changed to Rep. John E. Bradley |
| 2013-01-04 | House | Placed on Calendar Order of Concurrence Senate Amendment(s) 1, 5 |
| 2013-01-04 | House | Arrived in House |
| 2013-01-03 | Senate | Third Reading - Passed; 037-015-000 |
| 2013-01-03 | Senate | Placed on Calendar Order of 3rd Reading |
| 2013-01-03 | Senate | Senate Floor Amendment No. 5 Adopted; Garrett |
| 2013-01-03 | Senate | Senate Floor Amendment No. 4 Withdrawn by Sen. Don Harmon |
| 2013-01-03 | Senate | Senate Floor Amendment No. 3 Withdrawn by Sen. Don Harmon |
| 2013-01-03 | Senate | Senate Floor Amendment No. 2 Withdrawn by Sen. Don Harmon |
| 2013-01-03 | Senate | Recalled to Second Reading |
| 2013-01-03 | Senate | Alternate Chief Sponsor Changed to Sen. Susan Garrett |
| 2013-01-03 | Senate | Senate Floor Amendment No. 5 Recommend Do Adopt Revenue; 006-003-000 |
| 2013-01-02 | Senate | Rule 2-10 Third Reading Deadline Established As January 8, 2013 |
| 2013-01-02 | Senate | Senate Floor Amendment No. 4 Be Approved for Consideration Assignments |
| 2013-01-02 | Senate | Senate Floor Amendment No. 3 Be Approved for Consideration Assignments |
| 2013-01-02 | Senate | Senate Floor Amendment No. 2 Be Approved for Consideration Assignments |
| 2013-01-02 | Senate | Senate Floor Amendment No. 5 Assignments Refers to Revenue |
| 2013-01-02 | Senate | Senate Floor Amendment No. 5 Referred to Assignments |
| 2013-01-02 | Senate | Senate Floor Amendment No. 5 Filed with Secretary by Sen. Susan Garrett |
| 2013-01-02 | Senate | Placed on Calendar Order of 3rd Reading January 3, 2013 |
| 2013-01-02 | Senate | Approved for Consideration Assignments |
| 2012-07-01 | Senate | Senate Floor Amendment No. 4 Re-referred to Assignments; Pursuant to Senate Rule 3-9(b). |
| 2012-07-01 | Senate | Senate Floor Amendment No. 3 Re-referred to Assignments; Pursuant to Senate Rule 3-9(b). |
| 2012-07-01 | Senate | Senate Floor Amendment No. 2 Re-referred to Assignments; Pursuant to Senate Rule 3-9(b). |
| 2012-07-01 | Senate | Pursuant to Senate Rule 3-9(b) / Referred to Assignments |
| 2012-05-31 | Senate | Senate Floor Amendment No. 4 Recommend Do Adopt Executive; 011-002-000 |
| 2012-05-31 | Senate | Senate Floor Amendment No. 3 Recommend Do Adopt Executive; 011-002-000 |
| 2012-05-31 | Senate | Senate Floor Amendment No. 2 Recommend Do Adopt Executive; 011-002-000 |
| 2012-05-31 | Senate | Senate Floor Amendment No. 4 Assignments Refers to Executive |
| 2012-05-30 | Senate | Senate Floor Amendment No. 2 Assignments Refers to Executive |
| 2012-05-30 | Senate | Senate Floor Amendment No. 2 Assignments Refers to Assignments |
| 2012-05-30 | Senate | Senate Floor Amendment No. 3 Assignments Refers to Executive |
| 2012-05-30 | Senate | Senate Floor Amendment No. 4 Referred to Assignments |
| 2012-05-30 | Senate | Senate Floor Amendment No. 4 Filed with Secretary by Sen. Don Harmon |
| 2012-05-30 | Senate | Senate Floor Amendment No. 3 Referred to Assignments |
| 2012-05-30 | Senate | Senate Floor Amendment No. 3 Filed with Secretary by Sen. Don Harmon |
| 2012-05-25 | Senate | Rule 2-10 Third Reading Deadline Established As May 31, 2012 |
| 2012-05-23 | Senate | Senate Floor Amendment No. 2 Postponed - Pensions and Investments |
| 2012-05-22 | Senate | Senate Floor Amendment No. 2 Assignments Refers to Pensions and Investments |
| 2012-05-22 | Senate | Senate Floor Amendment No. 2 Referred to Assignments |
| 2012-05-22 | Senate | Senate Floor Amendment No. 2 Filed with Secretary by Sen. Don Harmon |
| 2012-05-18 | Senate | Placed on Calendar Order of 3rd Reading May 21, 2012 |
| 2012-05-18 | Senate | Second Reading |
| 2012-05-16 | Senate | Placed on Calendar Order of 2nd Reading May 17, 2012 |
| 2012-05-16 | Senate | Do Pass as Amended Pensions and Investments; 007-002-000 |
| 2012-05-16 | Senate | Senate Committee Amendment No. 1 Adopted |
| 2012-05-15 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Pensions and Investments |
| 2012-05-10 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
| 2012-05-10 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon |
| 2012-05-09 | Senate | Held in Pensions and Investments |
| 2012-05-07 | Senate | Alternate Chief Sponsor Changed to Sen. Don Harmon |
| 2012-05-04 | Senate | Rule 2-10 Committee Deadline Established As May 25, 2012 |
| 2012-05-02 | Senate | Postponed - Pensions and Investments |
| 2012-04-18 | Senate | Held in Pensions and Investments |
| 2012-04-11 | Senate | Assigned to Pensions and Investments |
| 2012-03-30 | Senate | Referred to Assignments |
| 2012-03-30 | Senate | First Reading |
| 2012-03-30 | Senate | Chief Senate Sponsor Sen. Susan Garrett |
| 2012-03-30 | Senate | Placed on Calendar Order of First Reading |
| 2012-03-30 | Senate | Arrive in Senate |
| 2012-03-29 | House | Third Reading - Short Debate - Passed 109-000-000 |
| 2012-03-29 | House | Added Co-Sponsor Rep. Sidney H. Mathias |
| 2012-03-29 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 2012-03-29 | House | Fiscal Note Filed |
| 2012-03-28 | House | Fiscal Note Filed |
| 2012-03-28 | House | Home Rule Note Filed |
| 2012-03-28 | House | State Mandates Fiscal Note Filed |
| 2012-03-27 | House | Held on Calendar Order of Second Reading - Short Debate |
| 2012-03-27 | House | Second Reading - Short Debate |
| 2012-03-27 | House | Added Co-Sponsor Rep. Karen May |
| 2012-03-27 | House | Home Rule Note Requested by Rep. Ed Sullivan, Jr. |
| 2012-03-27 | House | State Mandates Fiscal Note Requested by Rep. Ed Sullivan, Jr. |
| 2012-03-27 | House | Fiscal Note Requested by Rep. Ed Sullivan, Jr. |
| 2012-03-26 | House | Added Co-Sponsor Rep. Lou Lang |
| 2012-03-22 | House | Remove Chief Co-Sponsor Rep. Linda Chapa LaVia |
| 2012-03-22 | House | Remove Chief Co-Sponsor Rep. Carol A. Sente |
| 2012-03-22 | House | Remove Chief Co-Sponsor Rep. Keith Farnham |
| 2012-03-22 | House | Remove Chief Co-Sponsor Rep. Jack D. Franks |
| 2012-03-22 | House | Added Chief Co-Sponsor Rep. Linda Chapa LaVia |
| 2012-03-22 | House | Added Chief Co-Sponsor Rep. Carol A. Sente |
| 2012-03-22 | House | Added Chief Co-Sponsor Rep. Keith Farnham |
| 2012-03-22 | House | Added Chief Co-Sponsor Rep. Jack D. Franks |
| 2012-03-09 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2012-03-08 | House | Do Pass / Short Debate Personnel and Pensions Committee; 008-000-000 |
| 2012-02-27 | House | Assigned to Personnel and Pensions Committee |
| 2012-02-15 | House | Referred to Rules Committee |
| 2012-02-15 | House | First Reading |
| 2012-02-10 | House | Filed with the Clerk by Rep. Elaine Nekritz |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 105 | 5 | 10-20.55 | New Code | See Bill Text |
| 30 | 805 | 8.36 | New Code | See Bill Text |
| 55 | 5 | 6-35000 | New Code | See Bill Text |
| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
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| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
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| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
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| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
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| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
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| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
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| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
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| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
| 55 | 5 | Div. 6-3 | New Code | See Bill Text |
| 65 | 5 | 8-1-20 | New Code | See Bill Text |
