Illinois SB 1441: CRIM CD-PUBLIC NUISANCE

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 Full Text of SB1441

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 Senate Amendment 001 
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SB1441 EnrolledLRB104 07365 SPS 17405 b

1 AN ACT concerning employment.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Illinois Secure Choice Savings Program Act 

5is amended by changing Sections 10, 30, 55, 60, and 85 as 

6follows:

7 (820 ILCS 80/10)

8 Sec. 10. Establishment of Illinois Secure Choice Savings 

9Program. 

10 (a) A retirement savings program in the form of an 

11automatic enrollment payroll deduction IRA, known as the 

12Illinois Secure Choice Savings Program, is hereby established 

13and shall be administered by the Board for the purpose of 

14promoting greater retirement savings for private-sector 

15employees in a convenient, low-cost, and portable manner.

16 (b) The accounts established under this Program shall be 

17IRAs, into which enrollees contribute funds that are invested 

18in investment options established by the Board. A separate 

19account shall be established for each enrollee and the 

20accounts shall be owned by the enrollee.

21 (c) The savings accounts established under the Program 

22shall be portable and allow for an enrollee to make 

23contributions from multiple employers into a single account, 

SB1441 Enrolled- 2 -LRB104 07365 SPS 17405 b

1either simultaneously or separately throughout the enrollee's 

2lifetime.

3 (d) An enrollee in the Program may have both a Roth IRA and 

4a Traditional IRA through the Program.

5(Source: P.A. 98-1150, eff. 6-1-15.)

6 (820 ILCS 80/30)

7 Sec. 30. Duties of the Board. In addition to the other 

8duties and responsibilities stated in this Act, the B