Dave Koehler
- Democratic
- Senator
- District 46
Primary
Amends the Illinois Secure Choice Savings Program Act. Provides that the Illinois Secure Choice Savings Board shall determine the number and duties of staff members needed to administer the Illinois Secure Choice Savings Program and assemble such a staff in collaboration with the State Treasurer. Provides that the Board shall keep investment fees (rather than total annual expenses) as low as possible, but in no event shall they exceed 0.25% (rather than 0.75%). Provides that the Board may charge administrative fees, established by rule, that shall be consistent with industry standards. Provides that the definition of "employer" does not include the federal government, the State, any county, any municipal corporation, or any of the State's units or instrumentalities. Makes other changes. Effective immediately.
Rule 3-9(a) / Re-referred to Assignments
Second Reading
Placed on Calendar Order of 3rd Reading March 21, 2023
Do Pass State Government; 009-000-000
Placed on Calendar Order of 2nd Reading March 10, 2023
Assigned to State Government
First Reading
Referred to Assignments
Filed with Secretary by Sen. David Koehler
| 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.