103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3349 Introduced , by Rep. Stephanie A. Kifowit SYNOPSIS AS INTRODUCED: 110 ILCS 205/9.43 new Amends the Board of Higher Education Act. Provides that the Board of Higher Education shall award a grant to a statewide association of public pension funds affiliated with a public institution of higher education to develop and deliver an in-person financial literacy training program for public employees. Provides that the program shall consist of in-person training regarding retirement income, including pension benefits, Social Security benefits, and employer-sponsored deferred compensation and retiree healthcare savings plans and shall also include instruction in financial planning and important elements of consumer finance, such as debt, educational savings, budgeting, and related subjects. Provides that the program shall include recorded programs to assist public employees who work on nontraditional shift assignments. LRB103 29932 RPS 56347 b A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3349 Introduced , by Rep. Stephanie A. Kifowit SYNOPSIS AS INTRODUCED: 110 ILCS 205/9.43 new 110 ILCS 205/9.43 new Amends the Board of Higher Education Act. Provides that the Board of Higher Education shall award a grant to a statewide association of public pension funds affiliated with a public institution of higher education to develop and deliver an in-person financial literacy training program for public employees. Provides that the program shall consist of in-person training regarding retirement income, including pension benefits, Social Security benefits, and employer-sponsored deferred compensation and retiree healthcare savings plans and shall also include instruction in financial planning and important elements of consumer finance, such as debt, educational savings, budgeting, and related subjects. Provides that the program shall include recorded programs to assist public employees who work on nontraditional shift assignments. LRB103 29932 RPS 56347 b LRB103 29932 RPS 56347 b A BILL FOR
103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3349 Introduced , by Rep. Stephanie A. Kifowit SYNOPSIS AS INTRODUCED:
110 ILCS 205/9.43 new 110 ILCS 205/9.43 new
110 ILCS 205/9.43 new
Amends the Board of Higher Education Act. Provides that the Board of Higher Education shall award a grant to a statewide association of public pension funds affiliated with a public institution of higher education to develop and deliver an in-person financial literacy training program for public employees. Provides that the program shall consist of in-person training regarding retirement income, including pension benefits, Social Security benefits, and employer-sponsored deferred compensation and retiree healthcare savings plans and shall also include instruction in financial planning and important elements of consumer finance, such as debt, educational savings, budgeting, and related subjects. Provides that the program shall include recorded programs to assist public employees who work on nontraditional shift assignments.
LRB103 29932 RPS 56347 b LRB103 29932 RPS 56347 b
LRB103 29932 RPS 56347 b
A BILL FOR
HB3349LRB103 29932 RPS 56347 b HB3349 LRB103 29932 RPS 56347 b
HB3349 LRB103 29932 RPS 56347 b
1 AN ACT concerning education.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Board of Higher Education Act is amended by
5 adding Section 9.43 as follows:
6 (110 ILCS 205/9.43 new)
7 Sec. 9.43. Financial literacy training program for public
8 employees.
9 (a) The General Assembly finds that financial literacy for
10 public employees is a statewide goal and that improved
11 financial literacy benefits the public employee, the public
12 retiree, and the agencies that deliver public services by
13 supporting a stable workforce and the economy of the State.
14 (b) The Board of Higher Education shall award a grant to a
15 statewide association of public pension funds affiliated with
16 public institution of higher education to develop and deliver
17 an in-person financial literacy training program for public
18 employees.
19 (c) The program shall consist of in-person training
20 regarding retirement income, including pension benefits,
21 Social Security benefits, and employer-sponsored deferred
22 compensation and retiree health care savings plans. The
23 program shall also include instruction in financial planning
103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3349 Introduced , by Rep. Stephanie A. Kifowit SYNOPSIS AS INTRODUCED:
110 ILCS 205/9.43 new 110 ILCS 205/9.43 new
110 ILCS 205/9.43 new
Amends the Board of Higher Education Act. Provides that the Board of Higher Education shall award a grant to a statewide association of public pension funds affiliated with a public institution of higher education to develop and deliver an in-person financial literacy training program for public employees. Provides that the program shall consist of in-person training regarding retirement income, including pension benefits, Social Security benefits, and employer-sponsored deferred compensation and retiree healthcare savings plans and shall also include instruction in financial planning and important elements of consumer finance, such as debt, educational savings, budgeting, and related subjects. Provides that the program shall include recorded programs to assist public employees who work on nontraditional shift assignments.
LRB103 29932 RPS 56347 b LRB103 29932 RPS 56347 b
LRB103 29932 RPS 56347 b
A BILL FOR
110 ILCS 205/9.43 new
LRB103 29932 RPS 56347 b
HB3349 LRB103 29932 RPS 56347 b
HB3349- 2 -LRB103 29932 RPS 56347 b HB3349 - 2 - LRB103 29932 RPS 56347 b
HB3349 - 2 - LRB103 29932 RPS 56347 b
1 and important elements of consumer finance, such as debt,
2 educational savings, budgeting, and related subjects. In
3 addition to in-person instruction, the program shall include
4 recorded programs to assist public employees who work on
5 nontraditional shift assignments.
HB3349 - 2 - LRB103 29932 RPS 56347 b