SECURE CHOICE-ADMINISTRATION
- Introduced Feb 9, 2023
- In committee Feb 9, 2023
- Died
- Passed the House
- To the governor
- Became law
What it does
The legislature's own summary of the bill, or its official long title.
Amends the Illinois Secure Choice Savings Program Act. Provides that the Illinois Secure Choice Savings Board shall determine the number and duties of staff members needed to administer the Illinois Secure Choice Savings Program and assemble such a staff in collaboration with the State Treasurer. Provides that the Board shall keep investment fees (rather than total annual expenses) as low as possible, but in no…
Read the full title (123 words)
Amends the Illinois Secure Choice Savings Program Act. Provides that the Illinois Secure Choice Savings Board shall determine the number and duties of staff members needed to administer the Illinois Secure Choice Savings Program and assemble such a staff in collaboration with the State Treasurer. Provides that the Board shall keep investment fees (rather than total annual expenses) as low as possible, but in no event shall they exceed 0.25% (rather than 0.75%). Provides that the Board may charge administrative fees, established by rule, that shall be consistent with industry standards. Provides that the definition of "employer" does not include the federal government, the State, any county, any municipal corporation, or any of the State's units or instrumentalities. Makes other changes. Effective immediately.
Every action
10 steps, oldest first, as the legislature records them.
- SenateFiled with Secretary by Sen. David Koehler
- SenateFirst Reading
- CommitteeReferred to Assignments · Senate Assignments
- CommitteeAssigned to State Government · Senate State Government
- CommitteeDo Pass State Government; 009-000-000 · Senate State Government
- SenatePlaced on Calendar Order of 2nd Reading March 10, 2023
- SenateSecond Reading
- SenatePlaced on Calendar Order of 3rd Reading March 21, 2023
- CommitteeRule 3-9(a) / Re-referred to Assignments · Senate Assignments
- SenateSession Sine Die
Roll calls
1 recorded vote: 0 on the floor, 1 in committee. Each shows how every member voted.
Committee votes
| Date | Where | Question | Result |
|---|---|---|---|
| Mar 8, 2023 | Senate State Government | State Government - Do Pass | 9–0 |
Sponsors
The member who introduced it.
-
David KoehlerD Primary sponsor · District 46
From Illinois's official records (www.ilga.gov), checked Nov 13, 2026. Text links go to the official versions; LegiList does not copy bill text.