IL
Illinois House Bill HB3349

Illinois 2023-2024 Regular Session

Illinois House Bill HB3349 Compare Versions

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1-HB3349 EngrossedLRB103 29932 RPS 56347 b HB3349 Engrossed LRB103 29932 RPS 56347 b
2- HB3349 Engrossed LRB103 29932 RPS 56347 b
1+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
2+103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3349 Introduced , by Rep. Stephanie A. Kifowit SYNOPSIS AS INTRODUCED:
3+110 ILCS 205/9.43 new 110 ILCS 205/9.43 new
4+110 ILCS 205/9.43 new
5+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.
6+LRB103 29932 RPS 56347 b LRB103 29932 RPS 56347 b
7+ LRB103 29932 RPS 56347 b
8+A BILL FOR
9+HB3349LRB103 29932 RPS 56347 b HB3349 LRB103 29932 RPS 56347 b
10+ HB3349 LRB103 29932 RPS 56347 b
311 1 AN ACT concerning education.
412 2 Be it enacted by the People of the State of Illinois,
513 3 represented in the General Assembly:
614 4 Section 5. The Board of Higher Education Act is amended by
715 5 adding Section 9.43 as follows:
816 6 (110 ILCS 205/9.43 new)
917 7 Sec. 9.43. Financial literacy training program for public
1018 8 employees.
1119 9 (a) The General Assembly finds that financial literacy for
1220 10 public employees is a statewide goal and that improved
1321 11 financial literacy benefits the public employee, the public
1422 12 retiree, and the agencies that deliver public services by
1523 13 supporting a stable workforce and the economy of the State.
16-14 (b) Subject to appropriation, the Board of Higher
17-15 Education shall award a grant to a statewide association of
18-16 public pension funds affiliated with public institution of
19-17 higher education to develop and deliver an in-person financial
20-18 literacy training program for public employees.
24+14 (b) The Board of Higher Education shall award a grant to a
25+15 statewide association of public pension funds affiliated with
26+16 public institution of higher education to develop and deliver
27+17 an in-person financial literacy training program for public
28+18 employees.
2129 19 (c) The program shall consist of in-person training
2230 20 regarding retirement income, including pension benefits,
2331 21 Social Security benefits, and employer-sponsored deferred
2432 22 compensation and retiree health care savings plans. The
2533 23 program shall also include instruction in financial planning
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29- HB3349 Engrossed LRB103 29932 RPS 56347 b
37+103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3349 Introduced , by Rep. Stephanie A. Kifowit SYNOPSIS AS INTRODUCED:
38+110 ILCS 205/9.43 new 110 ILCS 205/9.43 new
39+110 ILCS 205/9.43 new
40+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.
41+LRB103 29932 RPS 56347 b LRB103 29932 RPS 56347 b
42+ LRB103 29932 RPS 56347 b
43+A BILL FOR
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3468 1 and important elements of consumer finance, such as debt,
3569 2 educational savings, budgeting, and related subjects. In
3670 3 addition to in-person instruction, the program shall include
3771 4 recorded programs to assist public employees who work on
3872 5 nontraditional shift assignments.
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