ILLINOIS AUTOMATIC IRA ACT Senate SponsorsSen. Iris Y. Martinez-Jacqueline Y. Collins-Emil Jones, III and Kwame Raoul 1/8/2013SenateSession Sine Die New ActCreates the Illinois Automatic IRA Program Act. Provides that the Illinois Automatic IRA Program shall be administered by the State Treasurer and that the Treasurer shall adopt regulations to implement the Program. Allows employees of certain employers that have not offered a qualified retirement plan for 2 years to set aside a percentage of their wages to be deposited into an IRA trust fund administered by the State Treasurer's office. Sets minimum requirements for the operation of the Program. Sets forth duties and authority of the State Treasurer in relation to the Program. Limits State and employer liability. Contains provisions regarding audits and reports. Effective immediately. 2/9/2011SenateFiled with Secretary by Sen. Iris Y. Martinez 2/9/2011SenateFirst Reading 2/9/2011SenateReferred to Assignments 2/15/2011SenateAdded as Chief Co-Sponsor Sen. Jacqueline Y. Collins 3/2/2011SenateAssigned to Financial Institutions 3/3/2011SenateAdded as Chief Co-Sponsor Sen. Emil Jones, III 3/10/2011SenatePostponed - Financial Institutions 3/15/2011SenateAdded as Co-Sponsor Sen. Kwame Raoul 3/17/2011SenatePostponed - Financial Institutions 3/18/2011SenateRule 3-9(a) / Re-referred to Assignments 2/17/2012SenateRe-assigned to Financial Institutions 3/1/2012SenatePostponed - Financial Institutions 3/2/2012SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Iris Y. Martinez 3/2/2012SenateSenate Committee Amendment No. 1 Referred to Assignments 3/6/2012SenateSenate Committee Amendment No. 1 Assignments Refers to Financial Institutions 3/8/2012SenateSenate Committee Amendment No. 1 Postponed - Financial Institutions 3/8/2012SenatePostponed - Financial Institutions 3/9/2012SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments 3/9/2012SenateRule 3-9(a) / Re-referred to Assignments 1/8/2013SenateSession Sine Die