SB0208sam001 102ND GENERAL ASSEMBLY

Sen. Robert F. Martwick

Filed: 3/15/2021

10200SB0208sam001 LRB102 04034 JLS 23606 a

AMENDMENT TO SENATE BILL 208

AMENDMENT NO. ______. Amend Senate Bill 208 as follows:

on page 2, lines 1 and 2, by replacing "one employee" with "5 employees"; and

on page 2, lines 19 and 20, by replacing "or small employer" with "or small employer"; and

on page 3, by replacing lines 1 through 8 with the following:

"Small employer" means a person or entity engaged in a business, industry, profession, trade, or other enterprise in Illinois, whether for profit or not for profit, that (i) employed less than 5 25 employees during any quarter of at any one time in the State throughout the previous calendar year, or (ii) has been in business less than 2 years, or both items (i) and (ii), but that notifies the Board that it is interested in being a participating employer."; and

on page 9, by replacing lines 16 through 18 with the following:

"The enrollment deadline for employers with fewer than 25 employees and more than 15 employees shall be no sooner than September 1, 2022. The enrollment deadline for employers with at least 5 employees but not more than 15 employees shall be no sooner than September 1, 2023. Board's implementation timeline shall ensure that all employees are required to be enrolled in the Program by December 31, 2020. The provisions of this Section shall be in"; and

on page 10, by replacing lines 5 through 12 with the following:

"Program. Small employers may, but are not required to, provide payroll deduction retirement savings arrangements for each employee who elects to participate in the Program. Small employers' use of automatic enrollment for employees is subject to final rules from the United States Department of Labor. Utilization of automatic enrollment by small employers may be allowed only if it does not create employer liability under the federal Employee Retirement Income Security Act."; and

on page 14, line 4, by replacing "90" with "120 90"; and

on page 14, by replacing line 8 with the following: "subsection (c) of this Section or come into full compliance with the Program as required under Section 60 of this Act."; and

on page 14, line 9, by replacing "90" with "120 90"; and

on page 14, line 19, by replacing "90" with "120 90"; and

on page 16, line 11, by replacing "90" with "120 90".