SCH CD-RETIREMENT SAVINGS PLAN
Summary
Amends the School Code. Provides that a school board that decides to offer to the school district's teachers a retirement savings plan under Section 401(k) or 457 of the Internal Revenue Code of 1986 may enter into a contract with only one vendor to administer the plan. Provides that a vendor shall be selected, with the approval of the teachers' exclusive bargaining representative, if any, through a competitive bidding process. Provides that the school board may enter into a contract with the vendor for no more than 5 years.
Bill status
died
1 of 4 stages cleared
Introduction
Apr 2023
Committee Review
Floor Vote
Governor
Introduced Apr 26, 2023
Last action Jun 26, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
48
Key actions
3
Committee
13
Amendments
13
Jun 26, 2024
Committee
Pursuant to Senate Rule 3-9(b) / Referred to Assignments
lower
Jun 26, 2024
Committee
Senate Floor Amendment No. 5 Pursuant to Senate Rule 3-9(b) / Referred to Assignments
lower
Jun 26, 2024
Committee
Senate Floor Amendment No. 4 Pursuant to Senate Rule 3-9(b) / Referred to Assignments
lower
May 15, 2024
Introduced
Senate Floor Amendment No. 6 Recommend Do Adopt Labor; 011-003-000
lower
May 14, 2024
Introduced
Senate Floor Amendment No. 6 Assignments Refers to Labor
lower
May 7, 2024
Committee
Senate Floor Amendment No. 6 Referred to Assignments
lower
May 7, 2024
Introduced
Senate Floor Amendment No. 6 Filed with Secretary by Sen. Karina Villa
lower
May 7, 2024
Introduced
Senate Floor Amendment No. 5 Assignments Refers to Labor
lower
Apr 30, 2024
Committee
Senate Floor Amendment No. 5 Referred to Assignments
lower
Apr 30, 2024
Introduced
Senate Floor Amendment No. 5 Filed with Secretary by Sen. Karina Villa
lower
Apr 17, 2024
Introduced
Senate Floor Amendment No. 4 Assignments Refers to Labor
lower
Apr 17, 2024
Introduced
Senate Floor Amendment No. 3 Recommend Do Adopt Labor; 011-001-000
lower
Apr 17, 2024
Committee
Senate Floor Amendment No. 4 Referred to Assignments
lower
Apr 17, 2024
Introduced
Senate Floor Amendment No. 4 Filed with Secretary by Sen. Karina Villa
lower
Apr 16, 2024
Introduced
Senate Floor Amendment No. 3 Assignments Refers to Labor
lower
Apr 16, 2024
Committee
Senate Floor Amendment No. 3 Referred to Assignments
lower
Apr 16, 2024
Introduced
Senate Floor Amendment No. 3 Filed with Secretary by Sen. Karina Villa
lower
Feb 21, 2024
Lower · Passed
Do Pass as Amended Labor; 012-004-000
lower
Feb 21, 2024
Lower · Passed
Senate Committee Amendment No. 1 Adopted
lower
Feb 20, 2024
Committee
Senate Committee Amendment No. 2 Referred to Assignments
lower
Feb 20, 2024
Introduced
Senate Committee Amendment No. 2 Filed with Secretary by Sen. Karina Villa
lower
Feb 20, 2024
Lower · Passed
Senate Committee Amendment No. 1 Assignments Refers to Labor
lower
Feb 14, 2024
Committee
Senate Committee Amendment No. 1 Referred to Assignments
lower
Feb 14, 2024
Introduced
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Karina Villa
lower
Jan 24, 2024
Committee
Assigned to Labor
lower
Apr 26, 2023
Committee
Referred to Assignments
lower
1 primary · 6 co-sponsors
Sponsors
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