Bill Amendment: IL HB0117 | 2021-2022 | 102nd General Assembly

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: SECURE CHOICE SAVINGS PROGRAM

Status: 2021-07-30 - Public Act . . . . . . . . . 102-0179 [HB0117 Detail]

Download: Illinois-2021-HB0117-House_Amendment_001.html

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Rep. Will Guzzardi

Filed: 3/15/2021

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AMENDMENT TO HOUSE BILL 117
AMENDMENT NO. ______. Amend House Bill 117 as follows:
on page 2, lines 1 and 2, by replacing "one employee" with "5
employees"; and
on page 2, lines 19 and 20, by replacing "or small employer"
with "or small employer"; and
on page 3, by replacing lines 1 through 8 with the following:
"Small employer" means a person or entity engaged in a
business, industry, profession, trade, or other enterprise in
Illinois, whether for profit or not for profit, that (i)
employed less than 5 25 employees during any quarter of at any
one time in the State throughout the previous calendar year,
or (ii) has been in business less than 2 years, or both items
(i) and (ii), but that notifies the Board that it is interested
in being a participating employer."; and

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on page 9, by replacing lines 16 through 18 with the following:
"The enrollment deadline for employers with fewer than 25
employees and more than 15 employees shall be no sooner than
September 1, 2022. The enrollment deadline for employers with
at least 5 employees but not more than 15 employees shall be no
sooner than September 1, 2023. Board's implementation timeline
shall ensure that all employees are required to be enrolled in
the Program by December 31, 2020. The provisions of this
Section shall be in"; and
on page 10, by replacing lines 5 through 12 with the following:
"Program. Small employers may, but are not required to,
provide payroll deduction retirement savings arrangements for
each employee who elects to participate in the Program. Small
employers' use of automatic enrollment for employees is
subject to final rules from the United States Department of
Labor. Utilization of automatic enrollment by small employers
may be allowed only if it does not create employer liability
under the federal Employee Retirement Income Security Act.";
and
on page 14, line 4, by replacing "90" with "120 90"; and
on page 14, by replacing line 8 with the following:
"subsection (c) of this Section or come into full compliance

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with the Program as required under Section 60 of this Act.";
and
on page 14, line 9, by replacing "90" with "120 90"; and
on page 14, line 19, by replacing "90" with "120 90"; and
on page 16, line 11, by replacing "90" with "120 90".