Bill Title: Amends the Illinois Secure Choice Savings Program Act. Provides that the total annual expenses, rather than the annual administrative expenses, shall not exceed 0.75% of the total trust balance. Removes a requirement that the Board prepare a statement of investment policy annually. Provides that the investment policy shall be published on the Board's or State Treasurer's website. Provides that small employers' use of automatic enrollment is subject to federal rules. Makes other changes. Effective immediately.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Passed) 2016-07-15 - Public Act . . . . . . . . . 99-0571 [SB2420 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2016-07-15	HTML/Text	Link	View
Enrolled	2016-05-11	HTML/Text	Link	View
Engrossed	2016-04-19	HTML/Text	Link	View
Introduced	2016-02-09	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
Senate Amendment 001	2016-04-12	Proposed	HTML/Text	Link	View

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB2420 currently on file.

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