Bill Text: IL HB3361 | 2011-2012 | 97th General Assembly | Amended
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Amends the State Comptroller Act. Authorizes the State Comptroller to create, administer, manage, and operate a supplemental employee deferral plan to supplement and enhance the retirement income of employees of public school districts and community colleges. Sets forth the requirements for a supplemental employee deferral plan.
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: (Failed) 2013-01-08 - Session Sine Die [HB3361 Detail]
Download: Illinois-2011-HB3361-Amended.html
Bill Title: Amends the State Comptroller Act. Authorizes the State Comptroller to create, administer, manage, and operate a supplemental employee deferral plan to supplement and enhance the retirement income of employees of public school districts and community colleges. Sets forth the requirements for a supplemental employee deferral plan.
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: (Failed) 2013-01-08 - Session Sine Die [HB3361 Detail]
Download: Illinois-2011-HB3361-Amended.html
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| 1 | AMENDMENT TO HOUSE BILL 3361
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| 2 | AMENDMENT NO. ______. Amend House Bill 3361 on page 3, by | ||||||
| 3 | inserting immediately below line 9 the following: | ||||||
| 4 | "The Comptroller shall discharge his or her duties with | ||||||
| 5 | respect to the supplemental employee deferral plan with the | ||||||
| 6 | care, skill, prudence, and diligence under the circumstances | ||||||
| 7 | then prevailing that a prudent person acting in a like capacity | ||||||
| 8 | and familiar with such matters would use in the conduct of an | ||||||
| 9 | enterprise of a like character with like aims.".
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