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IL SB3811

Bill

Status

Failed

1/13/2021

Primary Sponsor

Robert Martwick

Click for details

Origin

Senate

101st General Assembly

AI Summary

  • Expands program applicability from employers with fewer than 25 employees to all employers with at least one employee in Illinois.

  • Establishes automatic annual increases to employee contribution rates up to a maximum of 10% of wages, based on a schedule set by the Board.

  • Changes penalty structure: $250 per employee for first year of noncompliance and $500 per employee for subsequent years; Department determines employee count using annual average from quarterly employer-reported data.

  • Allows Department to provide penalty notices in electronic format as determined by the Department.

  • Makes penalty provisions operative by January 1, 2021, rather than 9 months after the Board notifies the Director of program implementation.

Legislative Description

SECURE CHOICE SAVINGS PROGRAM

Last Action

Session Sine Die

1/13/2021

Committee Referrals

Assignments4/12/2020
State Government3/12/2020
Assignments2/14/2020

Full Bill Text

No bill text available