Bill Status of HB 2349   98th General Assembly

Short Description:  DEFERRED COMP-COMMUNITY COLLS

House Sponsors
Rep. John E. Bradley

Last Action  View All Actions

DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/24-101from Ch. 108 1/2, par. 24-101
40 ILCS 5/24-105.1
40 ILCS 5/24-107from Ch. 108 1/2, par. 24-107

Synopsis As Introduced
Amends the Deferred Compensation Article of the Illinois Pension Code. Provides that a school district or community college district may administer a plan authorized in Section 403(b) of the Internal Revenue Code of 1986 and may authorize companies to provide annuities and other investments as part of the plan without a competitive selection process, subject to certain stated conditions. Among those conditions, provides that the company may not charge more than 10 times the fees and expenses of an investment in the deferred compensation plan for State employees. Effective immediately.

Actions 
DateChamber Action
  2/19/2013HouseFiled with the Clerk by Rep. John E. Bradley
  2/19/2013HouseFirst Reading
  2/19/2013HouseReferred to Rules Committee
  12/3/2014HouseSession Sine Die

Back To Top