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Sen. Robert F. Martwick
Filed: 3/15/2021
| | 10200SB0208sam001 | | LRB102 04034 JLS 23606 a |
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| 1 | | AMENDMENT TO SENATE BILL 208
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| 2 | | AMENDMENT NO. ______. Amend Senate Bill 208 as follows:
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| 3 | | on page 2, lines 1 and 2, by replacing "one employee" with "5 |
| 4 | | employees"; and
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| 5 | | on page 2, lines 19 and 20, by replacing "or small employer" |
| 6 | | with "or small employer"; and
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| 7 | | on page 3, by replacing lines 1 through 8 with the following: |
| 8 | | "Small employer" means a person or entity engaged in a |
| 9 | | business, industry, profession, trade, or other enterprise in |
| 10 | | Illinois, whether for profit or not for profit, that (i) |
| 11 | | employed less than 5 25 employees during any quarter of at any |
| 12 | | one time in the State throughout the previous calendar year, |
| 13 | | or (ii) has been in business less than 2 years, or both items |
| 14 | | (i) and (ii), but that notifies the Board that it is interested |
| 15 | | in being a participating employer."; and
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| | 10200SB0208sam001 | - 2 - | LRB102 04034 JLS 23606 a |
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| 1 | | on page 9, by replacing lines 16 through 18 with the following:
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| 2 | | "The enrollment deadline for employers with fewer than 25 |
| 3 | | employees and more than 15 employees shall be no sooner than |
| 4 | | September 1, 2022. The enrollment deadline for employers with |
| 5 | | at least 5 employees but not more than 15 employees shall be no |
| 6 | | sooner than September 1, 2023. Board's implementation timeline |
| 7 | | shall ensure that all employees are required to be enrolled in |
| 8 | | the Program by December 31, 2020. The provisions of this |
| 9 | | Section shall be in"; and
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| 10 | | on page 10, by replacing lines 5 through 12 with the following:
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| 11 | | "Program. Small employers may, but are not required to, |
| 12 | | provide payroll deduction retirement savings arrangements for |
| 13 | | each employee who elects to participate in the Program. Small |
| 14 | | employers' use of automatic enrollment for employees is |
| 15 | | subject to final rules from the United States Department of |
| 16 | | Labor. Utilization of automatic enrollment by small employers |
| 17 | | may be allowed only if it does not create employer liability |
| 18 | | under the federal Employee Retirement Income Security Act."; |
| 19 | | and
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| 20 | | on page 14, line 4, by replacing "90" with "120 90"; and
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| 21 | | on page 14, by replacing line 8 with the following: |
| 22 | | "subsection (c) of this Section or come into full compliance |