Illinois · Senate Bill 2607 · 103rd General Assembly

PEN CD-DEFERRED COMP-FEES

SB 2607 Sponsored by Robert F. Martwick Died in committee

  1. Introduced Oct 18, 2023
  2. In committee Oct 18, 2023
  3. Died  
  4. Passed the House  
  5. To the governor  
  6. Became law  

What it does

The legislature's own summary of the bill, or its official long title.

Amends the Deferred Compensation Article of the Illinois Pension Code. Provides that, after January 1, 2024, the deferred compensation plan shall provide for the recovery of the expenses of its administration by charging fees equitably prorated among the participating employers (instead of by charging administrative expenses against the earnings from investments or by charging fees equitably prorated among the…

Read the full title (91 words)

Amends the Deferred Compensation Article of the Illinois Pension Code. Provides that, after January 1, 2024, the deferred compensation plan shall provide for the recovery of the expenses of its administration by charging fees equitably prorated among the participating employers (instead of by charging administrative expenses against the earnings from investments or by charging fees equitably prorated among the participating State employees or by such other appropriate and equitable method as the Illinois State Board of Investment shall determine). Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Every action

13 steps, oldest first, as the legislature records them.

Show the 5 earlier steps
  1. SenateFiled with Secretary by Sen. Robert F. Martwick
  2. SenateFirst Reading
  3. CommitteeReferred to Assignments · Senate Assignments
  4. CommitteeAssigned to Appropriations · Senate Appropriations
  5. SenateRule 2-10 Committee Deadline Established As April 5, 2024
  1. SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Robert F. Martwick
  2. CommitteeSenate Committee Amendment No. 1 Referred to Assignments · Senate Assignments
  3. SenateRule 2-10 Committee Deadline Established As May 3, 2024
  4. CommitteeSenate Committee Amendment No. 1 Assignments Refers to Appropriations · Senate Appropriations
  5. SenateRule 2-10 Committee/3rd Reading Deadline Established As May 17, 2024
  6. CommitteeRule 3-9(a) / Re-referred to Assignments · Senate Assignments
  7. CommitteeSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments · Senate Assignments
  8. SenateSession Sine Die

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it.

From Illinois's official records (www.ilga.gov), checked Nov 2, 2026. Text links go to the official versions; LegiList does not copy bill text.