101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB5317

 

Introduced , by Rep. Anna Moeller

 

SYNOPSIS AS INTRODUCED:
 
New Act

    Creates the Defined Benefit Plan Reporting Act. Provides that all defined benefit plans that are not covered by the Employee Retirement Income Security Act of 1974 and have 200 or more plan members shall be required to comply with a specified provision of federal law that requires reporting certain fiscal information to participants and beneficiaries. Provides that the requirement does not apply to governmental plans. Effective immediately.


LRB101 14759 RPS 63717 b

 

 

A BILL FOR

 

HB5317LRB101 14759 RPS 63717 b

1    AN ACT concerning regulation.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 1. Short title. This Act may be cited as the
5Defined Benefit Plan Reporting Act.
 
6    Section 5. Defined benefit plan reporting requirements.
7All defined benefit plans that are not covered by the Employee
8Retirement Income Security Act of 1974 and have 200 or more
9plan members shall be required to comply with 29 U.S.C.
101024(b)(3).
 
11    Section 10. Applicability. This Section does not apply to
12governmental plans as defined in 29 U.S.C. 1002(32).
 
13    Section 99. Effective date. This Act takes effect upon
14becoming law.