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IL HB1147

Bill

Official Source

Status

Failed

1/7/2025

Primary Sponsor

Charles Meier

Click for details

Origin

House of Representatives

103rd General Assembly

AI Summary

  • Exempts volunteer fire departments from the definition of "employer" under the Illinois Secure Choice Savings Program Act
  • Volunteer fire departments will no longer be required to participate in the state's automatic-enrollment retirement savings program for employees
  • The Illinois Secure Choice program currently mandates participation by employers with at least 5 employees, in business for at least 2 years, who do not offer a qualified retirement plan
  • Takes effect immediately upon becoming law

Legislative Description

SECURE CHOICE SAVINGS-EMPLOYER

Last Action

Session Sine Die

1/7/2025

Committee Referrals

Rules4/19/2024
Personnel & Pensions2/29/2024
Rules1/12/2023

Full Bill Text

No bill text available