IL HB1325 | 2011-2012 | 97th General Assembly

Illinois House Bill 1325 (Prior Session Legislation)

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Amended) [HTML]

Summary

Amends the Illinois Pension Code. Authorizes each pension fund and retirement system to establish and administer an optional retirement plan. Sets forth requirements for the plans. Authorizes each employer that is subject to the Code to make an irrevocable election to participate in the plan. Requires each fund to solicit proposals to provide administrative services and funding vehicles for the plan. Requires those proposals to be assessed using specified criteria. Authorizes employees to direct the investment of their plan balances. Indemnifies fund fiduciaries. Also contains provisions concerning: participation in the plan; establishment of an initial account balance; duplication of service credit; required contributions; termination; vesting; withdrawal; return to service; benefit amounts; and the making of plan elections. Amends the State Mandates Act to require implementation without reimbursement.

Title

PEN CD-OPTIONAL RET PLAN

History

Date	Chamber	Action
2013-01-08	House	Session Sine Die
2011-03-17	House	Rule 19(a) / Re-referred to Rules Committee
2011-03-17	House	House Committee Amendment No. 1 Tabled Pursuant to Rule 40
2011-03-15	House	House Committee Amendment No. 1 Referred to Rules Committee
2011-03-15	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Greg Harris
2011-02-14	House	Assigned to Personnel and Pensions Committee
2011-02-09	House	Referred to Rules Committee
2011-02-09	House	First Reading
2011-02-09	House	Filed with the Clerk by Rep. Greg Harris

Code Citations

Chapter	Article	Section	Citation Type	Statute Text
30	805	8.35	New Code	See Bill Text
40	5	25-101	New Code	See Bill Text
40	5	25-102	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
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40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text
40	5	Art. 25	New Code	See Bill Text

Illinois State Sources

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1325&GAID=11&DocTypeID=HB&SessionID=84&GA=97
Text	https://www.ilga.gov/legislation/97/HB/09700HB1325.htm
Text	https://www.ilga.gov/legislation/97/HB/09700HB1325ham001.htm

Bill Comments

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