Illinois General Assembly - Bill Status for SB2839
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 Bill Status of SB2839  94th General Assembly


Short Description:  BENEFIT PROTECTION ACT

Senate Sponsors
Sen. Don Harmon

Last Action
DateChamber Action
  1/9/2007SenateSession Sine Die

Statutes Amended In Order of Appearance
New Act


Synopsis As Introduced
Creates the Employee and Retiree Benefit Protection Act. Provides that unsecured claims for contributions to employee and retiree benefit plans, including health and pension benefits, arising from all past, present, and future obligations of an employer to fully funds those plans, have a higher priority in bankruptcy proceedings than the priorities set forth in the federal Bankruptcy Code. Provides that employee and retiree health and pension benefits provided to an employee or retiree shall be continued to be provided to the employee or retiree in the same manner and with the same benefits that would otherwise have been provided to that employee or retiree if the employer has not been subject to bankruptcy proceedings. Effective immediately.

Actions 
DateChamber Action
  1/20/2006SenateFiled with Secretary by Sen. Gary Forby
  1/20/2006SenateFirst Reading
  1/20/2006SenateReferred to Rules
  4/4/2006SenateChief Sponsor Changed to Sen. Don Harmon
  1/9/2007SenateSession Sine Die

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