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SB 1692

Illinois Senate bill in Session 104.

Status: in_committee. Latest action: June 2, 2025.

LOCAL GOVT RETIREMENT PLANS.

Bill ID IL-104-SB-1692
Session 104
Status in_committee
Committee Assignments
Senate in_committee 2025-06-02
Education
Summary

Creates the Local Government Retirement Plan Responsibility Act. Provides that any retirement plan offered by a unit of local government or school district must comply with the applicable provisions of the General Provisions Article of the Illinois Pension Code, including, but not limited to, fiduciary duties, funding, investments, and the rights of participants, regardless of whether the retirement plan is established under the Illinois Pension Code. Defines "retirement plan""."

Sponsor
Robert F. Martwick
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-02-05 Introduced Bill introduced
2025-06-02 Status in_committee
2025-06-02 Latest Action 6/02/2025 - Senate:
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