Bill Texts: IL HB0315 | 2015-2016 | 99th General Assembly

Bill Title: Amends the State Universities Article of the Illinois Pension Code. In a Section relating to the self-managed plan, provides that pursuant to federal law, all employees with applicable retirement plans will be provided options to: (i) establish, (ii) contribute to, and (iii) transfer any guaranteed or vested portion of their traditional accounts, on any day, into qualified in-plan Roth accounts, without distribution. Effective immediately.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2015-02-18 - Added Co-Sponsor Rep. Thomas Morrison [HB0315 Detail]

Bill Drafts

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Introduced2015-01-27HTML/TextLinkView

Amendments

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No bill amendments currently on file for Illinois HB0315

Supplemental Documents

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No supplemental documents for Illinois HB0315 currently on file.

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