Bill Status of SB 1692   104th General Assembly

Short Description:  LOCAL GOVT RETIREMENT PLANS

Senate Sponsors
Sen. Robert F. Martwick-Karina Villa

Last Action  View All Actions

DateChamber Action
  6/2/2025SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
New Act

Synopsis As Introduced
Creates the Local Government Retirement Plan Responsibility Act. Provides that any retirement plan offered by a unit of local government or school district must comply with the applicable provisions of the General Provisions Article of the Illinois Pension Code, including, but not limited to, fiduciary duties, funding, investments, and the rights of participants, regardless of whether the retirement plan is established under the Illinois Pension Code. Defines "retirement plan".

Actions 
DateChamber Action
  2/5/2025SenateFiled with Secretary by Sen. Robert F. Martwick
  2/5/2025SenateFirst Reading
  2/5/2025SenateReferred to Assignments
  2/5/2025SenateAdded as Chief Co-Sponsor Sen. Karina Villa
  3/12/2025SenateAssigned to Pensions
  3/19/2025SenateDo Pass Pensions; 007-003-000
  3/19/2025SenatePlaced on Calendar Order of 2nd Reading March 20, 2025
  4/9/2025SenateSecond Reading
  4/9/2025SenatePlaced on Calendar Order of 3rd Reading April 10, 2025
  4/11/2025SenateRule 2-10 Third Reading Deadline Established As May 9, 2025
  5/9/2025SenateRule 2-10 Third Reading Deadline Established As May 23, 2025
  5/23/2025SenateRule 2-10 Third Reading Deadline Established As June 1, 2025
  6/2/2025SenateRule 3-9(a) / Re-referred to Assignments

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