Bill Sponsors: IL SB2568 | 2023-2024 | 103rd General Assembly
Bill Title: Amends the School Code. Provides that a school district that offers to the school district's employees a retirement savings plan under Section 403(b) of the Internal Revenue Code of 1986 may enter into a contract with only one vendor to administer the plan. Provides that a vendor shall be selected, with the approval of the employees' exclusive bargaining representative, if any, or a committee of the employees' exclusive bargaining representatives, through a competitive bidding process. Limits contracts with vendors to no more than 7 years. Provides that school districts that, on the effective date of the amendatory Act, have a contract with a vendor shall, by no later than July 1, 2026, begin the competitive bidding process. Provides that the renewal or extension of a contract with a vendor that is in effect on the effective date of the amendatory Act is subject to the competitive bidding process.
Spectrum: Partisan Bill (Democrat 7-0)
Status: (Introduced) 2024-06-26 - Pursuant to Senate Rule 3-9(b) / Referred to Assignments [SB2568 Detail]
Text: Latest bill text (Engrossed) [HTML]
Spectrum: Partisan Bill (Democrat 7-0)
Status: (Introduced) 2024-06-26 - Pursuant to Senate Rule 3-9(b) / Referred to Assignments [SB2568 Detail]
Text: Latest bill text (Engrossed) [HTML]
Sponsors
Name | Type | Sponsorship | District | Financial | Encyclopedia | Biography |
---|---|---|---|---|---|---|
Senator Karina Villa [D] | Primary | Sponsored Bills | SD-025 | FollowTheMoney | Ballotpedia | VoteSmart |
Senator Robert Martwick [D] | Cosponsor | Sponsored Bills | SD-010 | FollowTheMoney | Ballotpedia | VoteSmart |
Senator Emil Jones [D] | Cosponsor | Sponsored Bills | SD-014 | FollowTheMoney | Ballotpedia | VoteSmart |
Senator Mike Porfirio [D] | Cosponsor | Sponsored Bills | SD-011 | FollowTheMoney | Ballotpedia | VoteSmart |
Senator Mary Edly-Allen [D] | Cosponsor | Sponsored Bills | SD-031 | FollowTheMoney | Ballotpedia | VoteSmart |
Senator Javier Cervantes [D] | Cosponsor | Sponsored Bills | SD-001 | FollowTheMoney | Ballotpedia | VoteSmart |
Senator Sara Feigenholtz [D] | Cosponsor | Sponsored Bills | SD-006 | FollowTheMoney | Ballotpedia | VoteSmart |