Rob Martwick
- Democratic
- Senator
- District 10
Amends the Illinois Pension Code. In the State Universities Article, provides that the optional defined contribution plan shall provide for one or more automatic contribution arrangements, at least one of which shall be an eligible automatic contribution arrangement that permits a withdrawal of default elective contributions in accordance with a specified provision of the Internal Revenue Code of 1986. In the Illinois Municipal Retirement Fund (IMRF) Article, provides that the amount of the separation benefit shall include interest credited to the end of the preceding calendar year for contributions made under provisions authorizing employees to make additional contributions for retirement annuity purposes. Provides that employees who first participate in the Fund on or after 6 months after the effective date of the amendatory Act shall automatically contribute 3% of each payment of earnings as additional contributions for retirement annuity purposes. Provides that employees may change such contributions to an amount not to exceed 10% of each payment of earnings at any time. Provides that the Board may limit the number of withdrawals of those additional contributions to an amount not less than once per calendar year and may charge an administrative fee. In the Deferred Compensation Article, provides for automatic enrollment of any employee who is a member under the State Employee, Downstate Teacher, or Chicago Teacher Article, regardless of when the employee first became a member under that Article. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately, except that the changes to the IMRF and Deferred Compensation Articles of the Illinois Pension Code and to the State Mandates Act take effect January 1, 2022. Senate Floor Amendment No. 3 Deletes reference to: 40 ILCS 5/7-168 40 ILCS 5/7-173 40 ILCS 5/24-105.2 Adds reference to: 40 ILCS 5/16-204 40 ILCS 5/24-104 from Ch. 108 1/2, par. 24-104 Replaces everything after the enacting clause. Amends the Illinois Pension Code. In the State Universities Article, provides that the System shall offer a deferred compensation plan that is eligible under a specified provision of the Internal Revenue Code of 1986 to participating employees of the System employed by employers that qualify as eligible employers under a specified provision of the Internal Revenue Code of 1986 (instead of offering a defined contribution benefit to active members of the System). Changes references from "defined contribution benefit" to "deferred compensation plan". Provides that the System shall automatically enroll in the eligible deferred compensation plan any employee of an eligible employer who first becomes a participating employee of the System on or after July 1, 2022 under an eligible automatic contribution arrangement. Provides that an employee who is automatically enrolled shall have 3% of his or her compensation for each pay period deferred on a pre-tax basis into his or her account. Provides that an employee may elect not to participate or to increase or reduce the amount of elective deferrals made to the plan. Provides that the System may provide that the default percentage for any employee automatically enrolled in the eligible deferred compensation plan be increased by a specified percentage each plan year after the plan year in which the employee is automatically enrolled in the plan. Provides that the changes are intended to be retroactive to August 10, 2018 (the effective date of Public Act 100-769, which established the defined contribution benefit). In the Downstate Teacher Article, provides that the System may use funds provided under a provision concerning State and employer contributions to defray any and all costs of creating and maintaining the defined contribution benefit and then shall reimburse those costs from funds received from the employee and employer contributions to the defined contribution benefit. Provides that as soon as is practicable on or after January 1, 2022, the System shall automatically enroll any employee in the optional defined contribution benefit who first becomes an active member or participant in the System, and the member shall have 3% of his or her pre-tax gross compensation for each compensation period deferred into his or her deferred compensation account, unless the member otherwise instructs the System. Provides that the System may elect to increase the contribution rate subject to certain restrictions. In the Deferred Compensation Article, provides that pamphlets describing the deferred compensation plan shall not be distributed to employees who are covered under the Illinois Municipal Retirement Fund (IMRF), State Universities, or Downstate Teacher Articles. Makes other changes. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. Senate Floor Amendment No. 4 Deletes reference to: 40 ILCS 5/24-104 Adds reference to: 40 ILCS 5/24-102 from Ch. 108 1/2, par. 24-102 In the State Universities Article of the Illinois Pension Code, provides that the System shall automatically enroll in the eligible deferred compensation plan any employee of an eligible employer who first becomes a participating employee of the System on or after July 1, 2023 (rather than July 1, 2022) under an eligible automatic contribution arrangement. In the Public Employees' Deferred Compensation Article of the Illinois Pension Code, provides that "employee", for the purposes of the State Employees Deferred Compensation Plan, does not include a person employed by a certain State university employer who first becomes a participant of the retirement system under the State Universities Article on or after July 1, 2023 unless the person has made an election to defer compensation into the State Employees Deferred Compensation Plan under a written agreement and the deferral election is in effect as of June 30, 2023. Removes language that provides that pamphlets describing the deferred compensation plan shall not be distributed to employees who are covered under the Illinois Municipal Retirement Fund (IMRF), State Universities, or Downstate Teacher Articles.
Public Act . . . . . . . . . 102-0540
Effective Date August 20, 2021
Governor Approved
Sent to the Governor
Third Reading - Consent Calendar - Passed 116-000-000
Passed Both Houses
Third Reading - Consent Calendar - First Day
Placed on Calendar Order of 3rd Reading - Consent Calendar
Held on Calendar Order of Second Reading - Consent Calendar
Second Reading - Consent Calendar
Do Pass / Consent Calendar Personnel & Pensions Committee; 007-000-000
Placed on Calendar 2nd Reading - Consent Calendar
Committee/Final Action Deadline Extended-9(b) May 28, 2021
Assigned to Personnel & Pensions Committee
Referred to Rules Committee
First Reading
Chief House Sponsor Rep. Michael Halpin
Arrived in House
Senate Floor Amendment No. 4 Recommend Do Adopt Pensions; 008-000-000
Senate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4(a)
Senate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
Third Reading - Passed; 056-002-000
Senate Floor Amendment No. 4 Adopted; Martwick
Recalled to Second Reading
Senate Floor Amendment No. 4 Assignments Refers to Pensions
Senate Floor Amendment No. 4 Referred to Assignments
Senate Floor Amendment No. 4 Filed with Secretary by Sen. Robert F. Martwick
Rule 2-10 Third Reading Deadline Established As May 7, 2021
Rule 2-10 Third Reading Deadline Established As April 30, 2021
Added as Chief Co-Sponsor Sen. Karina Villa
Added as Chief Co-Sponsor Sen. John Connor
Added as Chief Co-Sponsor Sen. Sara Feigenholtz
Senate Floor Amendment No. 2 Postponed - Pensions
Placed on Calendar Order of 3rd Reading April 22, 2021
Senate Floor Amendment No. 3 Adopted; Martwick
Second Reading
Senate Floor Amendment No. 3 Recommend Do Adopt Pensions; 005-002-000
Senate Floor Amendment No. 3 Assignments Refers to Pensions
Senate Floor Amendment No. 3 Referred to Assignments
Senate Floor Amendment No. 3 Filed with Secretary by Sen. Robert F. Martwick
Senate Floor Amendment No. 2 Postponed - Pensions
Senate Floor Amendment No. 2 Assignments Refers to Pensions
Senate Floor Amendment No. 2 Referred to Assignments
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Robert F. Martwick
Placed on Calendar Order of 2nd Reading March 25, 2021
Do Pass Pensions; 008-000-000
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Robert F. Martwick
Senate Committee Amendment No. 1 Referred to Assignments
Assigned to Pensions
First Reading
Referred to Assignments
Filed with Secretary by Sen. Robert F. Martwick
Bill Text Versions | Format |
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Introduced | HTML PDF |
Engrossed | HTML PDF |
Enrolled | HTML PDF |
Senate Amendment 001 | HTML PDF |
Senate Amendment 002 | HTML PDF |
Senate Amendment 003 | HTML PDF |
Senate Amendment 004 | HTML PDF |
Document | Format |
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Public Act |
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