- Stage
- Became law
- Started in
- Senate
- Latest action
- Aug 23, 2019
What it does
Amends the Revised Uniform Unclaimed Property Act. Provides that the Act does not apply to any annuity, pension, or benefit funds held in a fiduciary capacity by a retirement system. Provides that property assumed abandoned in an annuity, pension, or benefit fund held in a fiduciary capacity by a retirement system shall be reported by the retirement system to the administrator. Provides that no retirement system shall pay or deliver any annuity, pension, or benefit funds held in a fiduciary capacity to the administrator. Provides, with exceptions, that the provisions are retroactive to January 1, 2018. House Floor Amendment No. 1 Adds reference to: 765 ILCS 1026/15-1506 new Replaces…
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
- Omar Aquino
- Robert Martwick
In the news
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Where it goes next
It is law in Illinois. What happens now is up to the agency that carries it out, the courts, and the place itself.