Bill Status of HB 3138   103rd General Assembly


Short Description:  PENCD-TRS-DEFINED CONTRIBUTION

House Sponsors
Rep. Stephanie A. Kifowit

Last Action  View All Actions

DateChamber Action
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
40 ILCS 5/16-204
40 ILCS 5/16-207 new

Synopsis As Introduced
Amends the Downstate Teacher Article of the Illinois Pension Code. In a provision that requires the System to automatically enroll certain employees in the System's defined contribution benefit, provides an exception for employees whose school district provides an alternative qualifying plan. Provides that the alternative qualifying plan shall abide by the automatic enrollment procedures and automatic increase in contribution provisions applicable to the System's defined contribution benefit. Sets forth additional requirements for alternative qualifying plans. Requires a school district that has an alternative qualifying to file a letter of compliance, passed by resolution of the school board, with the System. Effective immediately.

Actions 
DateChamber Action
  2/16/2023HouseFiled with the Clerk by Rep. Stephanie A. Kifowit
  2/17/2023HouseFirst Reading
  2/17/2023HouseReferred to Rules Committee
  2/23/2023HouseAssigned to Personnel & Pensions Committee
  3/10/2023HouseRule 19(a) / Re-referred to Rules Committee
  1/31/2024HouseAssigned to Personnel & Pensions Committee
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

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