SECURE CHOICE-ADMINISTRATION Senate SponsorsSen. David Koehler 1/7/2025SenateSession Sine Die 820 ILCS 80/5820 ILCS 80/30Amends the Illinois Secure Choice Savings Program Act. Provides that the Illinois Secure Choice Savings Board shall determine the number and duties of staff members needed to administer the Illinois Secure Choice Savings Program and assemble such a staff in collaboration with the State Treasurer. Provides that the Board shall keep investment fees (rather than total annual expenses) as low as possible, but in no event shall they exceed 0.25% (rather than 0.75%). Provides that the Board may charge administrative fees, established by rule, that shall be consistent with industry standards. Provides that the definition of "employer" does not include the federal government, the State, any county, any municipal corporation, or any of the State's units or instrumentalities. Makes other changes. Effective immediately. 2/9/2023SenateFiled with Secretary by Sen. David Koehler 2/9/2023SenateFirst Reading 2/9/2023SenateReferred to Assignments 2/21/2023SenateAssigned to State Government 3/9/2023SenateDo Pass State Government; 009-000-000 3/9/2023SenatePlaced on Calendar Order of 2nd Reading March 10, 2023 3/10/2023SenateSecond Reading 3/10/2023SenatePlaced on Calendar Order of 3rd Reading March 21, 2023 3/31/2023SenateRule 3-9(a) / Re-referred to Assignments 1/7/2025SenateSession Sine Die