William D. Burns
- Democratic
Primary
Creates the Illinois Automatic IRA Program Act. Provides that the Illinois Automatic IRA Program shall be administered by the State Treasurer and that the Treasurer shall adopt regulations to implement the Program. Allows employees of certain employers that have not offered a qualified retirement plan for 2 years to set aside a percentage of their wages to be deposited into an IRA trust fund administered by the State Treasurer's office. Sets minimum requirements for the operation of the Program. Sets forth duties and authority of the State Treasurer in relation to the Program. Limits State and employer liability. Contains provisions regarding audits and reports. Effective immediately.
No votes to display
Session Sine Die
Rule 19(a) / Re-referred to Rules Committee
Held on Calendar Order of Second Reading - Short Debate
Second Reading - Short Debate
Remove Chief Co-Sponsor Rep. Jack McGuire
Do Pass / Short Debate State Government Administration Committee; 009-006-000
Placed on Calendar 2nd Reading - Short Debate
Added Chief Co-Sponsor Rep. Carol A. Sente
Added Chief Co-Sponsor Rep. Deborah Mell
Added Chief Co-Sponsor Rep. Jack McGuire
Assigned to State Government Administration Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. William D. Burns
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