HB 315

  • Illinois House Bill
  • 99th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Pen Cd-Surs-Roth Account

Abstract

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.

Bill Sponsors (1)

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Jan 10, 2017

House

Session Sine Die

Feb 18, 2015

House

Added Co-Sponsor Rep. Thomas Morrison

Jan 27, 2015

House

Filed with the Clerk by Rep. Joe Sosnowski

House

First Reading

House

Referred to Rules Committee

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