SECURE CHOICE SAVINGS PROGRAM
Summary
Creates the Illinois Secure Choice Savings Program Act. Establishes a retirement savings program in the form of an automatic enrollment payroll deduction IRA with the intent of promoting greater retirement savings for private-sector employees in a convenient, low-cost, and portable manner. Creates the Illinois Secure Choice Savings Program Fund consisting of moneys received from enrollees and participating employers. Sets forth the composition of the Board, the Board's duties, and provisions governing risk management, investment firms, and investment options. Provides for employee and employer information packets, as well as program implementation and enrollment. Provides that the State shall have no duty or liability to any party for the payment of any retirement savings benefits accrued by any individual under the Program. Requires annual reports and audits of the Program. Sets forth penalties. Amends the State Finance Act to create the Illinois Secure Choice Savings Program Fund. Effective immediately.
Bill status
signed
all 5 stages cleared
Introduction
Apr 2014
Committee Review
Dec 2014
Senate Passage
Dec 2014
House Passage
Dec 2014
Signed into Law
Jan 2015
Introduced Apr 10, 2014
Signed Jan 5, 2015
Floor votes · Senate Dec 3, 2014 · House Dec 2, 2014
How they voted
22–22
Passed · 3 other
Total votes 47
Dec 3, 2014
D
Democratic30
73% Yea
R
Republican17
94% Nay
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
101
Key actions
12
Committee
24
Amendments
22
Jan 5, 2015
Signed into law
Governor Approved
upper
Dec 3, 2014
Upper · Passed
Passed Both Houses
upper
Dec 3, 2014
Introduced
House Floor Amendment No. 8 Senate Concurs 030-025-002
upper
Dec 3, 2014
Introduced
House Floor Amendment No. 7 Senate Concurs 030-025-002
upper
Dec 3, 2014
Introduced
House Floor Amendment No. 6 Senate Concurs 030-025-002
upper
Dec 3, 2014
Introduced
House Floor Amendment No. 5 Senate Concurs 030-025-002
upper
Dec 3, 2014
Introduced
House Floor Amendment No. 4 Senate Concurs 030-025-002
upper
Dec 3, 2014
Introduced
House Floor Amendment No. 3 Senate Concurs 030-025-002
upper
Dec 3, 2014
Upper · Passed
House Committee Amendment No. 2 Senate Concurs 030-025-002
upper
Dec 3, 2014
Upper · Passed
House Committee Amendment No. 1 Senate Concurs 030-025-002
upper
Dec 3, 2014
Introduced
House Floor Amendment No. 8 Motion To Concur Recommended Do Adopt Executive; 008-007-000
upper
Dec 3, 2014
Introduced
House Floor Amendment No. 7 Motion To Concur Recommended Do Adopt Executive; 008-007-000
upper
Dec 3, 2014
Introduced
House Floor Amendment No. 6 Motion To Concur Recommended Do Adopt Executive; 008-007-000
upper
Dec 3, 2014
Introduced
House Floor Amendment No. 5 Motion To Concur Recommended Do Adopt Executive; 008-007-000
upper
Dec 3, 2014
Introduced
House Floor Amendment No. 4 Motion To Concur Recommended Do Adopt Executive; 008-007-000
upper
Dec 3, 2014
Introduced
House Floor Amendment No. 3 Motion To Concur Recommended Do Adopt Executive; 008-007-000
upper
Dec 3, 2014
Upper · Passed
House Committee Amendment No. 2 Motion To Concur Recommended Do Adopt Executive; 008-007-000
upper
Dec 3, 2014
Upper · Passed
House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 008-007-000
upper
Dec 3, 2014
Committee
House Floor Amendment No. 8 Motion to Concur Assignments Referred to Executive
upper
Dec 3, 2014
Committee
House Floor Amendment No. 7 Motion to Concur Assignments Referred to Executive
upper
Dec 3, 2014
Committee
House Floor Amendment No. 6 Motion to Concur Assignments Referred to Executive
upper
Dec 3, 2014
Committee
House Floor Amendment No. 5 Motion to Concur Assignments Referred to Executive
upper
Dec 3, 2014
Committee
House Floor Amendment No. 4 Motion to Concur Assignments Referred to Executive
upper
Dec 3, 2014
Committee
House Floor Amendment No. 3 Motion to Concur Assignments Referred to Executive
upper
Dec 3, 2014
Committee
House Committee Amendment No. 2 Motion to Concur Assignments Referred to Executive
upper
Dec 3, 2014
Committee
House Committee Amendment No. 1 Motion to Concur Assignments Referred to Executive
upper
Dec 3, 2014
Committee
House Floor Amendment No. 8 Motion to Concur Referred to Assignments
upper
Dec 3, 2014
Committee
House Floor Amendment No. 7 Motion to Concur Referred to Assignments
upper
Dec 3, 2014
Committee
House Floor Amendment No. 6 Motion to Concur Referred to Assignments
upper
Dec 3, 2014
Committee
House Floor Amendment No. 5 Motion to Concur Referred to Assignments
upper
Dec 3, 2014
Committee
House Floor Amendment No. 4 Motion to Concur Referred to Assignments
upper
Dec 3, 2014
Committee
House Floor Amendment No. 3 Motion to Concur Referred to Assignments
upper
Dec 3, 2014
Committee
House Committee Amendment No. 2 Motion to Concur Referred to Assignments
upper
Dec 3, 2014
Committee
House Committee Amendment No. 1 Motion to Concur Referred to Assignments
upper
Dec 2, 2014
Introduced
Placed on Calendar Order of Concurrence House Amendment(s) 1, 2, 3, 4, 5, 6, 7, 8 - December 3, 2014
upper
Dec 2, 2014
Introduced
Secretary's Desk - Concurrence House Amendment(s) 1, 2, 3, 4, 5, 6, 7, 8
upper
Dec 2, 2014
Introduced
House Floor Amendment No. 8 Pension Note Request as Amended is Inapplicable
lower
Dec 2, 2014
Introduced
House Floor Amendment No. 8 Motion Prevailed 071-044-000
lower
Dec 2, 2014
Introduced
House Floor Amendment No. 8 Note / Motion Filed - Note Act Does Not Apply Rep. Barbara Flynn Currie
lower
Dec 2, 2014
Lower · Passed
House Floor Amendment No. 8 Adopted
lower
Dec 2, 2014
Introduced
House Floor Amendment No. 8 Pension Note Requested as Amended by Rep. Ed Sullivan, Jr.
lower
Dec 2, 2014
House · Passed
House Vote: pass (54-39-6)
house
Dec 1, 2014
Lower · Passed
House Floor Amendment No. 8 Recommends Be Adopted Rules Committee; 003-000-000
lower
Dec 1, 2014
Committee
House Floor Amendment No. 8 Referred to Rules Committee
lower
Dec 1, 2014
Introduced
House Floor Amendment No. 8 Filed with Clerk by Rep. Barbara Flynn Currie
lower
Nov 18, 2014
Lower · Passed
Approved for Consideration Rules Committee; 004-000-000
lower
May 30, 2014
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
May 29, 2014
Lower · Passed
House Floor Amendment No. 7 Adopted
lower
May 29, 2014
Lower · Passed
House Floor Amendment No. 6 Adopted
lower
0 primary · 25 co-sponsors
Sponsors
No sponsor information available.
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