Illinois General Assembly - Bill Status for SB1781
Illinois General Assembly

  Bills & Resolutions  
  Compiled Statutes  
  Public Acts  
  Legislative Reports  
  IL Constitution  
  Legislative Guide  
  Legislative Glossary  

 Search By Number
 (example: HB0001)
Search Tips

Search By Keyword

 Bill Status of SB1781  103rd General Assembly


Senate Sponsors
Sen. David Koehler

Last Action
DateChamber Action
  3/31/2023SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
820 ILCS 80/5
820 ILCS 80/30

Synopsis As Introduced
Amends the Illinois Secure Choice Savings Program Act. Provides that the Illinois Secure Choice Savings Board shall determine the number and duties of staff members needed to administer the Illinois Secure Choice Savings Program and assemble such a staff in collaboration with the State Treasurer. Provides that the Board shall keep investment fees (rather than total annual expenses) as low as possible, but in no event shall they exceed 0.25% (rather than 0.75%). Provides that the Board may charge administrative fees, established by rule, that shall be consistent with industry standards. Provides that the definition of "employer" does not include the federal government, the State, any county, any municipal corporation, or any of the State's units or instrumentalities. Makes other changes. Effective immediately.

DateChamber Action
  2/9/2023SenateFiled with Secretary by Sen. David Koehler
  2/9/2023SenateFirst Reading
  2/9/2023SenateReferred to Assignments
  2/21/2023SenateAssigned to State Government
  3/9/2023SenateDo Pass State Government; 009-000-000
  3/9/2023SenatePlaced on Calendar Order of 2nd Reading March 10, 2023
  3/10/2023SenateSecond Reading
  3/10/2023SenatePlaced on Calendar Order of 3rd Reading March 21, 2023
  3/31/2023SenateRule 3-9(a) / Re-referred to Assignments

Back To Top