Date	Chamber	Action
1/13/2015	Senate	Session Sine Die

Statutes Amended In Order of Appearance

105 ILCS 5/10-20.55 new

30 ILCS 805/8.37 new

Synopsis As Introduced
Amends the School Code. Provides that, beginning January 1, 2015, if a school board other than the Chicago Board of Schools offers a 403(b) plan to its officers, employees, or both, or makes contributions to such a plan on behalf of its officers, employees, or both, then the plan sponsor must act in accordance with the prudent investor rule when making plan-related decisions. Amends the State Mandates Act to require implementation without reimbursement.

Actions 

Date	Chamber	Action
1/30/2013	Senate	Filed with Secretary by Sen. Daniel Biss
1/30/2013	Senate	First Reading
1/30/2013	Senate	Referred to Assignments
2/4/2013	Senate	Added as Co-Sponsor Sen. Heather A. Steans
2/6/2013	Senate	Added as Chief Co-Sponsor Sen. Terry Link
2/7/2013	Senate	Assigned to Financial Institutions
2/28/2013	Senate	Postponed - Financial Institutions
3/22/2013	Senate	Rule 3-9(a) / Re-referred to Assignments
1/13/2015	Senate	Session Sine Die

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