Illinois General Assembly - Bill Status for HB4476
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 Bill Status of HB4476  98th General Assembly


Short Description:  PEN CD-DEFINED CONTRIB-RECOVER

House Sponsors
Rep. Jeanne M Ives

Last Action
DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/2-166
40 ILCS 5/14-156
40 ILCS 5/15-201
40 ILCS 5/16-206


Synopsis As Introduced
Amends the General Assembly, State Employee, State Universities, and the Downstate Teacher Articles of the Illinois Pension Code. Provides that if the defined contribution plan becomes inoperative pursuant to law (currently, being terminated or becoming inoperative pursuant to law), then each participant will be automatically deemed to be a contributing Tier 1 participant and the System shall be entitled to recover the amounts in the participant's defined contribution accounts.

Actions 
DateChamber Action
  1/30/2014HouseFiled with the Clerk by Rep. Jeanne M Ives
  2/3/2014HouseFirst Reading
  2/3/2014HouseReferred to Rules Committee
  12/3/2014HouseSession Sine Die

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