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type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
type title description jurisdiction legislature session identifier citation classification subjects status primary_sponsors version_count action_count vote_count first_action last_action source source_identifier source_url source_hash vintage source_snapshot retrieved_at confidence tags
Bill DEFINED CONTRIB PLANS-PRUDENCE Amends the State Mandates Act. Provides that nothing in the amendatory Act shall override the process established under the provision of the School Code concerning the prohibition against unfunded mandates. Amends the Counties Code and Illinois Municipal Code to provide that beginning January 1, 2015, if a county or municipality offers a 457(b) plan to its officers, employees, or both, or makes contributions to such a plan on behalf of its officers, employees, or both, then that county or municipality, and the persons acting under its authority, must act in accordance with the prudent investor rule when making plan-related decisions. Limits the concurrent exercise of home rule powers. Amends the School Code to provide that beginning January 1, 2015, if a school board other than the Chicago Board of Education offers a 403(b) or 457(b) plan to its officers, employees, or both, or makes contributions to such a plan on behalf of its officers, employees, or both, then that school board, and the persons acting under its authority, must act in accordance with the prudent investor rule when making plan-related decisions. us/states/il Illinois General Assembly 97th HB 5495 Illinois HB 5495 (97th)
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3 103 4 2012-02-10 2013-01-25 openstates ocd-bill/a005feac-5fd1-4c69-9964-4cb7277c4c82 http://ilga.gov/legislation/BillStatus.asp?DocNum=5495&GAID=11&DocTypeID=HB&LegId=65948&SessionID=84&GA=97 a4ba0407935b218d637599ebcac988aa7f9a0fcb289f348e7c60ad26fa9853ad 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
legislation
bill
us-il

Illinois HB 5495 (97th) — DEFINED CONTRIB PLANS-PRUDENCE

Amends the State Mandates Act. Provides that nothing in the amendatory Act shall override the process established under the provision of the School Code concerning the prohibition against unfunded mandates. Amends the Counties Code and Illinois Municipal Code to provide that beginning January 1, 2015, if a county or municipality offers a 457(b) plan to its officers, employees, or both, or makes contributions to such a plan on behalf of its officers, employees, or both, then that county or municipality, and the persons acting under its authority, must act in accordance with the prudent investor rule when making plan-related decisions. Limits the concurrent exercise of home rule powers. Amends the School Code to provide that beginning January 1, 2015, if a school board other than the Chicago Board of Education offers a 403(b) or 457(b) plan to its officers, employees, or both, or makes contributions to such a plan on behalf of its officers, employees, or both, then that school board, and the persons acting under its authority, must act in accordance with the prudent investor rule when making plan-related decisions.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

  1. Introduced (filed) — source
  2. Engrossed (committee substitute) — source
  3. Enrolled (enrolled) — source

Votes

  • Concurrence, Amendment 5 — 8030 (pass) · lower
  • Third Reading — 3715 (pass) · upper
  • Concurrence — 8030 (pass) · lower
  • Third Reading — 1090 (pass) · lower

Sponsors

  • Elaine Nekritz — primary (person)

Timeline

The legislative action history — every referral, reading, and vote.

  • 2012-02-10 Filed with the Clerk by Rep. Elaine Nekritz filing
  • 2012-02-15 First Reading reading-1
  • 2012-02-15 Referred to Rules Committee referral-committee
  • 2012-02-27 Assigned to Personnel and Pensions Committee referral-committee
  • 2012-03-08 Do Pass / Short Debate Personnel and Pensions Committee; 008-000-000 committee-passage
  • 2012-03-09 Placed on Calendar 2nd Reading - Short Debate
  • 2012-03-22 Added Chief Co-Sponsor Rep. Jack D. Franks
  • 2012-03-22 Added Chief Co-Sponsor Rep. Keith Farnham
  • 2012-03-22 Added Chief Co-Sponsor Rep. Carol A. Sente
  • 2012-03-22 Added Chief Co-Sponsor Rep. Linda Chapa LaVia
  • 2012-03-22 Remove Chief Co-Sponsor Rep. Jack D. Franks
  • 2012-03-22 Remove Chief Co-Sponsor Rep. Keith Farnham
  • 2012-03-22 Remove Chief Co-Sponsor Rep. Carol A. Sente
  • 2012-03-22 Remove Chief Co-Sponsor Rep. Linda Chapa LaVia
  • 2012-03-26 Added Co-Sponsor Rep. Lou Lang
  • 2012-03-27 Fiscal Note Requested by Rep. Ed Sullivan, Jr.
  • 2012-03-27 State Mandates Fiscal Note Requested by Rep. Ed Sullivan, Jr.
  • 2012-03-27 Home Rule Note Requested by Rep. Ed Sullivan, Jr.
  • 2012-03-27 Added Co-Sponsor Rep. Karen May
  • 2012-03-27 Second Reading - Short Debate reading-2
  • 2012-03-27 Held on Calendar Order of Second Reading - Short Debate reading-2
  • 2012-03-28 State Mandates Fiscal Note Filed
  • 2012-03-28 Home Rule Note Filed
  • 2012-03-28 Fiscal Note Filed
  • 2012-03-29 Fiscal Note Filed
  • 2012-03-29 Placed on Calendar Order of 3rd Reading - Short Debate
  • 2012-03-29 Added Co-Sponsor Rep. Sidney H. Mathias
  • 2012-03-29 Third Reading - Short Debate - Passed 109-000-000 reading-3, passage
  • 2012-03-30 Arrive in Senate introduction
  • 2012-03-30 Placed on Calendar Order of First Reading reading-1
  • 2012-03-30 Chief Senate Sponsor Sen. Susan Garrett
  • 2012-03-30 First Reading reading-1
  • 2012-03-30 Referred to Assignments referral-committee
  • 2012-04-11 Assigned to Pensions and Investments referral-committee
  • 2012-04-18 Held in Pensions and Investments
  • 2012-05-02 Postponed - Pensions and Investments
  • 2012-05-04 Rule 2-10 Committee Deadline Established As May 25, 2012
  • 2012-05-07 Alternate Chief Sponsor Changed to Sen. Don Harmon
  • 2012-05-09 Held in Pensions and Investments
  • 2012-05-10 Senate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon amendment-introduction
  • 2012-05-10 Senate Committee Amendment No. 1 Referred to Assignments referral-committee
  • 2012-05-15 Senate Committee Amendment No. 1 Assignments Refers to Pensions and Investments
  • 2012-05-16 Senate Committee Amendment No. 1 Adopted amendment-passage
  • 2012-05-16 Do Pass as Amended Pensions and Investments; 007-002-000 committee-passage
  • 2012-05-16 Placed on Calendar Order of 2nd Reading May 17, 2012
  • 2012-05-18 Second Reading reading-2
  • 2012-05-18 Placed on Calendar Order of 3rd Reading May 21, 2012
  • 2012-05-22 Senate Floor Amendment No. 2 Filed with Secretary by Sen. Don Harmon amendment-introduction
  • 2012-05-22 Senate Floor Amendment No. 2 Referred to Assignments referral-committee
  • 2012-05-22 Senate Floor Amendment No. 2 Assignments Refers to Pensions and Investments
  • 2012-05-23 Senate Floor Amendment No. 2 Postponed - Pensions and Investments
  • 2012-05-25 Rule 2-10 Third Reading Deadline Established As May 31, 2012 reading-3
  • 2012-05-30 Senate Floor Amendment No. 3 Filed with Secretary by Sen. Don Harmon amendment-introduction
  • 2012-05-30 Senate Floor Amendment No. 3 Referred to Assignments referral-committee
  • 2012-05-30 Senate Floor Amendment No. 4 Filed with Secretary by Sen. Don Harmon amendment-introduction
  • 2012-05-30 Senate Floor Amendment No. 4 Referred to Assignments referral-committee
  • 2012-05-30 Senate Floor Amendment No. 3 Assignments Refers to Executive
  • 2012-05-30 Senate Floor Amendment No. 2 Assignments Refers to Assignments
  • 2012-05-30 Senate Floor Amendment No. 2 Assignments Refers to Executive
  • 2012-05-31 Senate Floor Amendment No. 4 Assignments Refers to Executive
  • 2012-05-31 Senate Floor Amendment No. 2 Recommend Do Adopt Executive; 011-002-000
  • 2012-05-31 Senate Floor Amendment No. 3 Recommend Do Adopt Executive; 011-002-000
  • 2012-05-31 Senate Floor Amendment No. 4 Recommend Do Adopt Executive; 011-002-000
  • 2012-07-01 Pursuant to Senate Rule 3-9(b) / Referred to Assignments referral-committee
  • 2012-07-01 Senate Floor Amendment No. 2 Re-referred to Assignments; Pursuant to Senate Rule 3-9(b). referral-committee
  • 2012-07-01 Senate Floor Amendment No. 3 Re-referred to Assignments; Pursuant to Senate Rule 3-9(b). referral-committee
  • 2012-07-01 Senate Floor Amendment No. 4 Re-referred to Assignments; Pursuant to Senate Rule 3-9(b). referral-committee
  • 2013-01-02 Approved for Consideration Assignments
  • 2013-01-02 Placed on Calendar Order of 3rd Reading January 3, 2013
  • 2013-01-02 Senate Floor Amendment No. 5 Filed with Secretary by Sen. Susan Garrett amendment-introduction
  • 2013-01-02 Senate Floor Amendment No. 5 Referred to Assignments referral-committee
  • 2013-01-02 Senate Floor Amendment No. 5 Assignments Refers to Revenue
  • 2013-01-02 Senate Floor Amendment No. 2 Be Approved for Consideration Assignments
  • 2013-01-02 Senate Floor Amendment No. 3 Be Approved for Consideration Assignments
  • 2013-01-02 Senate Floor Amendment No. 4 Be Approved for Consideration Assignments
  • 2013-01-02 Rule 2-10 Third Reading Deadline Established As January 8, 2013 reading-3
  • 2013-01-03 Senate Floor Amendment No. 5 Recommend Do Adopt Revenue; 006-003-000
  • 2013-01-03 Alternate Chief Sponsor Changed to Sen. Susan Garrett
  • 2013-01-03 Recalled to Second Reading reading-2
  • 2013-01-03 Senate Floor Amendment No. 2 Withdrawn by Sen. Don Harmon
  • 2013-01-03 Senate Floor Amendment No. 3 Withdrawn by Sen. Don Harmon
  • 2013-01-03 Senate Floor Amendment No. 4 Withdrawn by Sen. Don Harmon
  • 2013-01-03 Senate Floor Amendment No. 5 Adopted; Garrett amendment-passage
  • 2013-01-03 Placed on Calendar Order of 3rd Reading
  • 2013-01-03 Third Reading - Passed; 037-015-000 reading-3, passage
  • 2013-01-04 Arrived in House introduction
  • 2013-01-04 Placed on Calendar Order of Concurrence Senate Amendment(s) 1, 5
  • 2013-01-04 Chief Sponsor Changed to Rep. John E. Bradley
  • 2013-01-06 Chief Sponsor Changed to Rep. Elaine Nekritz
  • 2013-01-06 Senate Committee Amendment No. 1 Motion Filed Concur Rep. Elaine Nekritz
  • 2013-01-06 Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee referral-committee
  • 2013-01-06 Senate Floor Amendment No. 5 Motion Filed Concur Rep. Elaine Nekritz
  • 2013-01-06 Senate Floor Amendment No. 5 Motion to Concur Referred to Rules Committee referral-committee
  • 2013-01-06 Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 003-001-000
  • 2013-01-06 Senate Floor Amendment No. 5 Motion to Concur Recommends Be Adopted Rules Committee; 003-001-000
  • 2013-01-08 Senate Committee Amendment No. 1 House Concurs 080-030-001
  • 2013-01-08 Senate Floor Amendment No. 5 House Concurs 080-030-001
  • 2013-01-08 House Concurs
  • 2013-01-08 Passed Both Houses
  • 2013-01-11 Sent to the Governor executive-receipt
  • 2013-01-25 Governor Approved executive-signature
  • 2013-01-25 Effective Date January 25, 2013
  • 2013-01-25 Public Act . . . . . . . . . 97-1154 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/a005feac-5fd1-4c69-9964-4cb7277c4c82. Confidence: reported (aggregated from official Illinois legislature records).