<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 315          </title>
<shortdesc>PEN CD-SURS-ROTH ACCOUNT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Joe Sosnowski and Thomas Morrison</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/15-158.2</reference><aliasreference></aliasreference><SynopsisText>     Amends the State Universities Article of the Illinois Pension Code. In a Section relating to the self-managed plan, provides that pursuant to federal law, all employees with applicable retirement plans will be provided options to: (i) establish, (ii) contribute to, and (iii) transfer any guaranteed or vested portion of their traditional accounts, on any day, into qualified in-plan Roth accounts, without distribution. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/27/2015</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Joe Sosnowski</action>
<statusdate>1/27/2015</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/27/2015</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/18/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Thomas Morrison</action>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

