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Saturday, August 2, 2025

Illinois Sen. Peters payroll deduction IRA bill passes House and Senate

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Robert J. Peters, Illinois State Senator from 13th District (D) | www.facebook.com

Robert J. Peters, Illinois State Senator from 13th District (D) | www.facebook.com

Passed bill authored by State Sen. Robert Peters aims to improve the Illinois Secure Choice Savings Program by establishing a payroll deduction IRA for private-sector employees and ensuring program accessibility and cost controls, according to the Illinois General Assembly.

In the House, 73 Democrats and one Republican voted in favor of the bill, while 37 Republicans opposed it.

Meanwhile, in the Senate, 36 Democrats and 12 Republicans voted in favor of the bill, while six Republicans voted against it.

Peters introduced the bill in the Illinois Senate on Jan. 31, 2025 during the 104th session.

The legislation, known as SB1441, was passed on May 21, 2025 during the general assembly session 104.

According to the Illinois General Assembly site, the legislature summarized the bill's official text as follows: "Amends the Illinois Secure Choice Savings Program Act. Provides that the accounts established under the Secure Choice Savings Program shall be IRAs, into which enrollees contribute funds that are invested in investment options established by the Illinois Secure Choice Savings Board. Provides that a separate account shall be established for each enrollee and the accounts shall be owned by the enrollee. Provides that the savings accounts established under the Program shall be portable and allow for an enrollee to make contributions from multiple employers into a single account. Provides that an enrollee in the Program may have both a Roth IRA and a Traditional IRA through the Program. Provides that the Board shall have the duty to assess the feasibility of agreements with other governmental entities, including other states and their agencies and instrumentalities, to achieve greater economies of scale through shared resources and to enter into those agreements if determined to be beneficial. Provides that an employer who fails without reasonable cause to enroll an employee in the Program within the time provided and fails to remit their contributions (rather than fails without reasonable cause to enroll an employee in the Program within the time provided) shall be subject to a penalty. Makes changes in provisions concerning employer and employee information packets. Effective immediately."

The following is our breakdown, based on the actual bill text, and may include interpretation to clarify its provisions.

In essence, this bill amends the Illinois Secure Choice Savings Program Act to enhance the state's retirement savings program. It establishes a payroll deduction IRA program for private-sector employees, administered by a board tasked with maximizing participation, ensuring portability, and maintaining low costs. Employers are required to automatically enroll employees in the program and remit contributions unless employees opt out. Penalties apply to non-compliant employers. The program offers both Roth and traditional IRA options and allows for contributions from multiple employers. Investment options are curated by the board, which must conduct performance reviews every four years. Administrative costs may be covered initially by state funds until the program is self-sustaining, and investment fees are capped at 0.25% of the total trust balance. The bill is effective upon becoming law.

The bill was sponsored by Rep. Gregg Johnson (Democrat-72nd District), Sen. Michael W. Halpin (Democrat-36th District), and Sen. Robert F. Martwick (Democrat-10th District), along with one other sponsor.

Bills in Illinois follow a multi-step legislative process, beginning with introduction in either the House or Senate, followed by committee review, floor debates, and votes in both chambers before reaching the governor for approval or veto. The General Assembly operates on a biennial schedule, and while typically thousands of bills are introduced each session, only a fraction successfully pass through the process to become law.

You can read more about bills and other measures here.

Peters graduated from Kansas State University in 2009 with a BS.

Peters, a Democrat, was elected to the Illinois State Senate in 2019 to represent the state's 13th Senate District, replacing previous state senator Kwame Raoul.

Lawmakers listed as "Not Voting" were present for the vote but did not cast a vote. Those marked as having an "Excused Absence" were not present and formally provided a reason for their absence, which was accepted.

House Vote – Third Reading on SB1441 (May 21, 2025)

LegislatorPartyDistrictVote
Aarón M. OrtízDemocrat1st DistrictYea
Abdelnasser RashidDemocrat21st DistrictYea
Adam M. NiemergRepublican102nd DistrictNay
Amy BrielDemocrat76th DistrictYea
Amy ElikRepublican111th DistrictNay
Amy L. GrantRepublican47th DistrictNay
Angelica Guerrero-CuellarDemocrat22nd DistrictYea
Ann M. WilliamsDemocrat11th DistrictYea
Anna MoellerDemocrat43rd DistrictYea
Anne StavaDemocrat81st DistrictYea
Anthony DeLucaDemocrat80th DistrictYea
Barbara HernandezDemocrat50th DistrictYea
Blaine WilhourRepublican110th DistrictNay
Bob MorganDemocrat58th DistrictYea
Brad HalbrookRepublican107th DistrictNay
Brad StephensRepublican20th DistrictAbsent, excused
Bradley FrittsRepublican74th DistrictYea
Brandun SchweizerRepublican104th DistrictNay
Camille Y. LillyDemocrat78th DistrictYea
Carol AmmonsDemocrat103rd DistrictAbsent, excused
Charles MeierRepublican109th DistrictNay
Chris MillerRepublican101st DistrictNay
Christopher "C.D." DavidsmeyerRepublican100th DistrictNay
Curtis J. Tarver, IIDemocrat25th DistrictYea
Dagmara AvelarDemocrat85th DistrictYea
Dan SwansonRepublican71st DistrictNay
Dan UgasteRepublican65th DistrictNay
Daniel DidechDemocrat59th DistrictYea
Dave SeverinRepublican116th DistrictNay
Dave VellaDemocrat68th DistrictYea
David FriessRepublican115th DistrictAbsent, excused
Debbie Meyers-MartinDemocrat38th DistrictYea
Dennis TipswordRepublican105th DistrictNay
Diane Blair-SherlockDemocrat46th DistrictYea
Edgar González, Jr.Democrat23rd DistrictYea
Elizabeth "Lisa" HernandezDemocrat2nd DistrictYea
Eva-Dina DelgadoDemocrat3rd DistrictYea
Fred CrespoDemocrat44th DistrictYea
Gregg JohnsonDemocrat72nd DistrictYea
Harry BentonDemocrat97th DistrictYea
Hoan HuynhDemocrat13th DistrictYea
Jackie HaasRepublican79th DistrictNay
Jaime M. Andrade, Jr.Democrat40th DistrictYea
Janet Yang RohrDemocrat41st DistrictYea
Jason R. BuntingRepublican106th DistrictNay
Jawaharial WilliamsDemocrat10th DistrictYea
Jay HoffmanDemocrat113th DistrictYea
Jed DavisRepublican75th DistrictNay
Jeff KeicherRepublican70th DistrictNay
Jehan Gordon-BoothDemocrat92nd DistrictYea
Jennifer Gong-GershowitzDemocrat17th DistrictYea
Jennifer SanalitroRepublican48th DistrictNay
Joe C. SosnowskiRepublican69th DistrictNay
John M. CabelloRepublican90th DistrictNay
Joyce MasonDemocrat61st DistrictYea
Justin SlaughterDemocrat27th DistrictYea
Kam BucknerDemocrat26th DistrictYea
Katie StuartDemocrat112th DistrictYea
Kelly M. CassidyDemocrat14th DistrictYea
Kevin John OlickalDemocrat16th DistrictYea
Kevin SchmidtRepublican114th DistrictNay
Kimberly Du BucletDemocrat5th DistrictYea
Kyle MooreRepublican99th DistrictNay
La Shawn K. FordDemocrat8th DistrictYea
Laura Faver DiasDemocrat62nd DistrictYea
Lawrence "Larry" Walsh, Jr.Democrat86th DistrictYea
Lilian JiménezDemocrat4th DistrictYea
Lindsey LaPointeDemocrat19th DistrictYea
Lisa DavisDemocrat32nd DistrictAbsent, excused
Marcus C. Evans, Jr.Democrat33rd DistrictYea
Margaret CrokeDemocrat12th DistrictYea
Martha DeuterDemocrat45th DistrictYea
Martin J. MoylanDemocrat55th DistrictYea
Martin McLaughlinRepublican52nd DistrictNay
Mary Beth CantyDemocrat54th DistrictYea
Mary GillDemocrat35th DistrictYea
Matt HansonDemocrat83rd DistrictYea
Maura HirschauerDemocrat49th DistrictAbsent, excused
Maurice A. West, IIDemocrat67th DistrictYea
Michael CrawfordDemocrat31st DistrictYea
Michael J. Coffey, Jr.Republican95th DistrictNay
Michael J. KellyDemocrat15th DistrictYea
Michelle MussmanDemocrat56th DistrictYea
Mr. SpeakerDemocrat7th DistrictYea
Nabeela SyedDemocrat51st DistrictAbsent, excused
Natalie A. ManleyDemocrat98th DistrictYea
Nicholas K. SmithDemocrat34th DistrictYea
Nicole La HaRepublican82nd DistrictNay
Nicolle GrasseDemocrat53rd DistrictYea
Norine K. HammondRepublican94th DistrictNay
Norma HernandezDemocrat77th DistrictYea
Patrick SheehanRepublican37th DistrictNay
Patrick WindhorstRepublican117th DistrictNay
Paul JacobsRepublican118th DistrictNay
Regan DeeringRepublican88th DistrictNay
Rick RyanDemocrat36th DistrictYea
Rita MayfieldDemocrat60th DistrictYea
Robert "Bob" RitaDemocrat28th DistrictYea
Robyn GabelDemocrat18th DistrictYea
Ryan SpainRepublican73rd DistrictNay
Sharon ChungDemocrat91st DistrictYea
Sonya M. HarperDemocrat6th DistrictYea
Stephanie A. KifowitDemocrat84th DistrictYea
Steven ReickRepublican63rd DistrictNay
Sue SchererDemocrat96th DistrictAbsent, excused
Suzanne M. NessDemocrat66th DistrictYea
Terra Costa HowardDemocrat42nd DistrictYea
Thaddeus JonesDemocrat29th DistrictYea
Theresa MahDemocrat24th DistrictYea
Tom WeberRepublican64th DistrictNay
Tony M. McCombieRepublican89th DistrictNay
Tracy Katz MuhlDemocrat57th DistrictYea
Travis WeaverRepublican93rd DistrictNay
Wayne A. RosenthalRepublican108th DistrictNay
Will GuzzardiDemocrat39th DistrictYea
William "Will" DavisDemocrat30th DistrictYea
William E HauterRepublican87th DistrictNay
Yolonda MorrisDemocrat9th DistrictYea

Senate Vote – Third Reading on SB1441 (Apr 03, 2025)

LegislatorPartyDistrictVote
Adriane JohnsonDemocrat30th DistrictYea
Andrew S. ChesneyRepublican45th DistrictNay
Bill CunninghamDemocrat18th DistrictYea
Celina VillanuevaDemocrat12th DistrictYea
Chapin RoseRepublican51st DistrictYea
Chris BalkemaRepublican53rd DistrictYea
Christopher BeltDemocrat57th DistrictYea
Craig WilcoxRepublican32nd DistrictNay
Cristina CastroDemocrat22nd DistrictYea
Dale FowlerRepublican59th DistrictYea
Darby A. HillsRepublican26th DistrictYea
Dave SyversonRepublican35th DistrictNay
David KoehlerDemocrat46th DistrictYea
Donald P. DeWitteRepublican33rd DistrictYea
Doris TurnerDemocrat48th DistrictYea
Elgie R. Sims, Jr.Democrat17th DistrictYea
Emil Jones, IIIDemocrat14th DistrictNot vote
Erica HarrissRepublican56th DistrictYea
Graciela GuzmánDemocrat20th DistrictYea
Jason PlummerRepublican55th DistrictYea
Javier L. CervantesDemocrat1st DistrictYea
Jil TracyRepublican50th DistrictYea
John F. CurranRepublican41st DistrictYea
Julie A. MorrisonDemocrat29th DistrictYea
Karina VillaDemocrat25th DistrictYea
Kimberly A. LightfordDemocrat4th DistrictYea
Lakesia CollinsDemocrat5th DistrictYea
Laura EllmanDemocrat21st DistrictYea
Laura FineDemocrat9th DistrictYea
Laura M. MurphyDemocrat28th DistrictYea
Li Arellano, Jr.Republican37th DistrictYea
Linda HolmesDemocrat42nd DistrictYea
Mark L. WalkerDemocrat27th DistrictYea
Mary Edly-AllenDemocrat31st DistrictYea
Mattie HunterDemocrat3rd DistrictNot vote
Meg Loughran CappelDemocrat49th DistrictYea
Michael E. HastingsDemocrat19th DistrictYea
Michael W. HalpinDemocrat36th DistrictNot vote
Mike PorfirioDemocrat11th DistrictYea
Mike SimmonsDemocrat7th DistrictYea
Mr. PresidentDemocrat39th DistrictYea
Napoleon Harris, IIIDemocrat15th DistrictYea
Neil AndersonRepublican47th DistrictNay
Omar AquinoDemocrat2nd DistrictNot vote
Patrick J. JoyceDemocrat40th DistrictYea
Paul FaraciDemocrat52nd DistrictYea
Rachel VenturaDemocrat43rd DistrictYea
Ram VillivalamDemocrat8th DistrictYea
Robert F. MartwickDemocrat10th DistrictYea
Robert PetersDemocrat13th DistrictYea
Sally J. TurnerRepublican44th DistrictNay
Sara FeigenholtzDemocrat6th DistrictYea
Seth LewisRepublican24th DistrictNot vote
Steve McClureRepublican54th DistrictYea
Steve StadelmanDemocrat34th DistrictYea
Sue RezinRepublican38th DistrictYea
Suzy Glowiak HiltonDemocrat23rd DistrictYea
Terri BryantRepublican58th DistrictNay
Willie PrestonDemocrat16th DistrictYea

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