SECURE CHOICE SAVINGS OPTION Senate SponsorsSen. Omar Aquino House Sponsors(Rep. Robert Martwick) 8/9/2019SenatePublic Act . . . . . . . . . 101-0353 820 ILCS 80/5820 ILCS 80/30820 ILCS 80/45820 ILCS 80/65820 ILCS 80/80Amends the Illinois Secure Choice Savings Program Act. Provides that an investment option may be a conservative fund rather than a conservative principal protection fund. Provides that the Illinois Secure Choice Savings Board may establish deadlines for payment of payroll deductions to the Fund and enter agreements to permit residents of other states to participate in the program. Includes a traditional IRA within the definition of the term "IRA". Provides for audits on a fiscal year basis rather than a calendar year basis and report by the following January rather than July. Requires the Treasurer to prepare annual reports on benefits provided by the Program and post the report on the Program website. Effective immediately. 2/15/2019SenateFiled with Secretary by Sen. Omar Aquino 2/15/2019SenateFirst Reading 2/15/2019SenateReferred to Assignments 2/27/2019SenateAssigned to Financial Institutions 3/6/2019SenateDo Pass Financial Institutions; 009-000-000 3/6/2019SenatePlaced on Calendar Order of 2nd Reading 3/6/2019SenateSecond Reading 3/6/2019SenatePlaced on Calendar Order of 3rd Reading March 7, 2019 3/13/2019SenateThird Reading - Passed; 054-000-000 3/13/2019HouseArrived in House 3/14/2019HouseChief House Sponsor Rep. Robert Martwick 3/14/2019HouseFirst Reading 3/14/2019HouseReferred to Rules Committee 4/9/2019HouseAssigned to Personnel & Pensions Committee 5/2/2019HouseDo Pass / Short Debate Personnel & Pensions Committee; 009-000-000 5/2/2019HousePlaced on Calendar 2nd Reading - Short Debate 5/16/2019HouseSecond Reading - Short Debate 5/16/2019HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/23/2019HouseThird Reading - Short Debate - Passed 115-000-000 5/23/2019SenatePassed Both Houses 6/21/2019SenateSent to the Governor 8/9/2019SenateGovernor Approved 8/9/2019SenateEffective Date August 9, 2019 8/9/2019SenatePublic Act . . . . . . . . . 101-0353