Stephanie Kifowit
- Democratic
- Representative
- District 84
Primary
Amends the Downstate Teacher Article of the Illinois Pension Code. Provides that a person who first becomes a member on or after January 1, 2023 shall have 3% of his or her pre-tax compensation contributed to a plan that is eligible under Section 457(b) of the Internal Revenue Code of 1986 offered by a vendor approved by his or her employer. Provides that to satisfy this requirement, the defined contribution benefit offered by the System may be adopted by the employer at the discretion of the employer. Makes a conforming change. Amends the State Mandates Act to require implementation without reimbursement by the State. Effective immediately.
No votes to display
Session Sine Die
Added Co-Sponsor Rep. Barbara Hernandez
Rule 19(a) / Re-referred to Rules Committee
Assigned to Personnel & Pensions Committee
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Stephanie A. Kifowit
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML PDF |
| Document | Format |
|---|---|
| No related documents. |
Data on Open States is updated periodically throughout the day from the official website of the Illinois General Assembly.
If you notice any inconsistencies with these official sources, feel free to file an issue.