Date	Chamber	Action
1/7/2025	Senate	Session Sine Die

Statutes Amended In Order of Appearance

105 ILCS 5/22-95 new

Synopsis As Introduced
Amends the School Code. Provides that a financial institution or investment provider, by entering into a written agreement, may offer or provide services to a plan established or maintained by a school district with an enrollment of at least 1,000 students under Section 457 of the Internal Revenue Code of 1986 if the written agreement is not combined with any other written agreement for the administration of a school district's 457 plan. Provides that each school district that provides a 457 plan shall make available to participants at least 4 financial institutions or investment providers that have not entered into a written agreement and that provide services to the school district's 457 plan. Sets forth requirements for a financial institution or investment provider providing services for a 457 plan.

Senate Committee Amendment No. 1
Replaces everything after the enacting clause. Reinserts the contents of the introduced bill with the following changes. Provides that the provisions apply to school districts with a full-time, licensed teacher population of 525 teachers or more (instead of with an enrollment of at least 1,000 students). Provides that each school district that provides a 457 plan shall make available to participants a minimum of one financial institution or investment provider (instead of at least 4 financial institutions or investment providers). Provides that a school district shall have one year from the effective date of the amendatory Act to find a 457 plan provider. Makes conforming changes.

House Floor Amendment No. 1
Replaces everything after the enacting clause. Reinserts the contents of the engrossed bill with the following changes. Provides that the amendatory provisions do not apply to the Chicago school district. Provides that the amendatory provisions apply to a school district with a population of 575 or more teachers that maintain a 457 plan, including a plan established under provisions of the Illinois Pension Code concerning an optional defined contribution benefit. Provides that every applicable school district shall make available to participants more than one financial institution or investment provider to provide services to the school district's 457 plan. Provides that a financial institution or investment provider, by entering into a written agreement, may offer or provide services to a plan offered, established, or maintained by a school district (instead of established or maintained by a school district). Provides that each school district that offers (instead of provides) a 457 plan shall make available to participants more than one financial institution or investment provider that has not entered into a written agreement to provide administration services and that provides services to a 457 plan offered to school districts (instead of that has not entered into a written agreement and that provides services to the school district's 457 plan). Provides that a financial institution or investment provider shall cover all plan administration costs relating to the administration of the 457 plan (instead of relating to the 457 plan). Provides that nothing in the amendatory provisions shall apply to or impact the optional defined contribution benefit established by the Teachers' Retirement System of the State of Illinois under the Illinois Pension Code. Sets forth provisions regarding sharing data. Makes grammatical and typographical corrections.

House Floor Amendment No. 2
Replaces everything after the enacting clause. Reinserts the contents of the engrossed bill with the following changes. Provides that the amendatory provisions do not apply to the Chicago school district. Provides that the amendatory provisions apply to a school district with a population of 575 or more teachers that maintain a 457 plan, including a plan established under provisions of the Illinois Pension Code concerning an optional defined contribution benefit. Provides that every applicable school district shall make available to participants more than one financial institution or investment provider to provide services to the school district's 457 plan. Provides that a financial institution or investment provider, by entering into a written agreement, may offer or provide services to a plan offered, established, or maintained by a school district (instead of established or maintained by a school district). Provides that each school district that offers (instead of provides) a 457 plan shall make available to participants more than one financial institution or investment provider that has not entered into a written agreement to provide administration services and that provides services to a 457 plan offered to school districts (instead of that has not entered into a written agreement and that provides services to the school district's 457 plan). Provides that a financial institution or investment provider shall cover all plan administration costs relating to the administration of the 457 plan (instead of relating to the 457 plan). Provides that nothing in the amendatory provisions shall apply to or impact the optional defined contribution benefit established by the Teachers' Retirement System of the State of Illinois under the Illinois Pension Code. Sets forth provisions regarding sharing plan data. Makes grammatical and typographical corrections.

Actions 

Date	Chamber	Action
2/2/2023	Senate	Filed with Secretary by Sen. Michael W. Halpin
2/2/2023	Senate	First Reading
2/2/2023	Senate	Referred to Assignments
2/7/2023	Senate	Assigned to Senate Special Committee on Pensions
2/22/2023	Senate	Postponed - Senate Special Committee on Pensions
3/3/2023	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Michael W. Halpin
3/3/2023	Senate	Senate Committee Amendment No. 1 Referred to Assignments
3/7/2023	Senate	Senate Committee Amendment No. 1 Assignments Refers to Senate Special Committee on Pensions
3/9/2023	Senate	Senate Committee Amendment No. 1 Adopted; Senate Special Committee on Pensions
3/10/2023	Senate	Do Pass as Amended Senate Special Committee on Pensions; 010-000-000
3/10/2023	Senate	Placed on Calendar Order of 2nd Reading March 21, 2023
3/22/2023	Senate	Second Reading
3/22/2023	Senate	Placed on Calendar Order of 3rd Reading March 23, 2023
3/23/2023	Senate	Third Reading - Passed; 054-000-000
3/23/2023	House	Arrived in House
3/23/2023	House	Chief House Sponsor Rep. Stephanie A. Kifowit
3/23/2023	House	First Reading
3/23/2023	House	Referred to Rules Committee
4/11/2023	House	Assigned to Personnel & Pensions Committee
4/20/2023	House	Do Pass / Short Debate Personnel & Pensions Committee; 006-002-000
4/20/2023	House	Placed on Calendar 2nd Reading - Short Debate
5/2/2023	House	House Floor Amendment No. 1 Filed with Clerk by Rep. Stephanie A. Kifowit
5/2/2023	House	House Floor Amendment No. 1 Referred to Rules Committee
5/3/2023	House	House Floor Amendment No. 1 Rules Refers to Personnel & Pensions Committee
5/4/2023	House	House Floor Amendment No. 1 Recommends Be Adopted Personnel & Pensions Committee; 008-000-000
5/5/2023	House	House Floor Amendment No. 2 Filed with Clerk by Rep. Stephanie A. Kifowit
5/5/2023	House	House Floor Amendment No. 2 Referred to Rules Committee
5/9/2023	House	House Floor Amendment No. 2 Rules Refers to Personnel & Pensions Committee
5/10/2023	House	Second Reading - Short Debate
5/10/2023	House	Held on Calendar Order of Second Reading - Short Debate
5/11/2023	House	House Floor Amendment No. 2 Recommends Be Adopted Personnel & Pensions Committee; 009-000-000
5/12/2023	House	Third Reading/Final Action Deadline Extended-9(b) May 19, 2023
5/16/2023	House	House Floor Amendment No. 1 Adopted
5/16/2023	House	House Floor Amendment No. 2 Adopted
5/16/2023	House	Placed on Calendar Order of 3rd Reading - Short Debate
5/16/2023	House	Third Reading - Short Debate - Passed 114-000-001
5/16/2023	Senate	Secretary's Desk - Concurrence House Amendment(s) 1, 2
5/16/2023	Senate	Placed on Calendar Order of Concurrence House Amendment(s) 1, 2 - May 17, 2023
5/17/2023	Senate	House Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Michael W. Halpin
5/17/2023	Senate	House Floor Amendment No. 1 Motion to Concur Referred to Assignments
5/17/2023	Senate	House Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Michael W. Halpin
5/17/2023	Senate	House Floor Amendment No. 2 Motion to Concur Referred to Assignments
5/17/2023	Senate	House Floor Amendment No. 1 Motion to Concur Assignments Referred to Senate Special Committee on Pensions
5/17/2023	Senate	House Floor Amendment No. 2 Motion to Concur Assignments Referred to Senate Special Committee on Pensions
6/26/2023	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Assignments
6/26/2023	Senate	House Floor Amendment No. 1 Motion to Concur Referred to Assignments
6/26/2023	Senate	House Floor Amendment No. 2 Motion to Concur Referred to Assignments
1/7/2025	Senate	Session Sine Die

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