SCH CD-PRUDENT INVESTOR
Summary
Amends the School Code. Provides that, beginning January 1, 2015, if a school board other than the Chicago Board of Schools offers a 403(b) plan to its officers, employees, or both, or makes contributions to such a plan on behalf of its officers, employees, or both, then the plan sponsor must act in accordance with the prudent investor rule when making plan-related decisions. Amends the State Mandates Act to require implementation without reimbursement.
Bill status
failed
1 of 4 stages cleared
Introduction
Jan 2013
Committee Review
Floor Vote
Governor
Introduced Jan 30, 2013
Last action Jan 13, 2015
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
9
Key actions
0
Committee
3
Jan 13, 2015
Senate · Failed
Session Sine Die
Mar 22, 2013
Senate · Referred to committee
Rule 3-9(a) / Re-referred to Assignments
Feb 7, 2013
Senate · Referred to committee
Assigned to Financial Institutions
Jan 30, 2013
Senate · Referred to committee
Referred to Assignments
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Daniel Biss
DDemocratic
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