Illinois House Bill 3798 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 6-0)
Status: Introduced on February 25 2009 - 25% progression, died in committee
Action: 2009-05-31 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Pension Code. Requires the General Assembly Retirement System to automatically enroll its newly eligible employees in a self-managed program of retirement benefits instead of the program of retirement benefits currently offered and allows currently eligible employees to elect to participate in the self-managed program. Provides that a self-managed plan shall authorize a participating employee to accumulate assets for retirement through a combination of employer and employee contributions that may be invested at the employee's direction in mutual funds, collective investment funds, or other investment products and used to purchase annuity contracts. Provides that, to the extent that the changes made by the amendatory Act are determined to be a new benefit increase, the changes are exempt from the 5-year expiration provision. Effective immediately.

PENCD-DEFINED CONTRI PLANS

Rep. Keith Farnham [D]	Rep. Jack Franks [D]	Rep. Linda LaVia [D]	Rep. Michael Madigan [D]
Rep. Karen May [D]	Rep. Kevin McCarthy [D]

Date	Chamber	Action
2009-05-31		Rule 19(a) / Re-referred to Rules Committee
2009-05-29		Final Action Deadline Extended-9(b) May 31, 2009
2009-05-22		Final Action Deadline Extended-9(b) May 29, 2009
2009-04-03		Committee/3rd Reading Deadline Extended-Rule May 8, 2009
2009-04-01		Held on Calendar Order of Second Reading - Short Debate
2009-04-01		Second Reading - Short Debate
2009-03-12		Placed on Calendar 2nd Reading - Short Debate
2009-03-12		Do Pass as Amended / Short Debate Personnel and Pensions Committee; 008-002-000
2009-03-12		House Committee Amendment No. 1 Adopted in Personnel and Pensions Committee; by Voice Vote
2009-03-12		House Committee Amendment No. 1 Filed with Clerk by Personnel and Pensions Committee
2009-03-11		Added Co-Sponsor Rep. Keith Farnham
2009-03-11		Added Chief Co-Sponsor Rep. Linda Chapa LaVia
2009-03-11		Added Chief Co-Sponsor Rep. Jack D. Franks
2009-03-10		Added Chief Co-Sponsor Rep. Karen May
2009-03-03		Assigned to Personnel and Pensions Committee
2009-02-25		Referred to Rules Committee
2009-02-25		First Reading
2009-02-25		Chief Co-Sponsor Rep. Michael J. Madigan
2009-02-25		Filed with the Clerk by Rep. Kevin A. McCarthy

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3798&GAID=10&DocTypeID=HB&SessionID=76&GA=96
Text	https://www.ilga.gov/legislation/96/HB/09600HB3798.htm