- Stage
- Became law
- Started in
- House
- Latest action
- Jul 19, 2024
What it does
Amends the Illinois Secure Choice Savings Program Act. Provides that participating employers may (rather than shall) designate an open enrollment period during which employees who previously opted out of the Secure Choice Savings Program may enroll in the Program. Provides that an employer shall retain the option at all times to set up a qualified retirement plan (rather than any type of employer-sponsored retirement plan). Removes offering an automatic enrollment payroll deduction IRA from a list of qualified retirement plans. Makes conforming changes.
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.
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.