IllinoisHB5119104th General Assembly (2025–2026)House

PEN CD-PENSION FUND REGULATION

Sponsored By: Sponsor information unavailable

In Committee

Summary

Amends the Regulation of Public Pension Funds Article of the Illinois Pension Code. Provides that the Public Pension Division of the Department of Insurance may (instead of shall) render advisory services to the pension funds on all matters pertaining to their operations. Provides that recommendations for corrective or clarifying legislation may (instead of shall) be made in the report of examination of the particular pension fund and in a biennial report to the General Assembly. Provides that the report to the Governor and General Assembly shall include the results of examinations made by an independent certified public accountant retained by the Police Officers' Pension Investment Fund or the Firefighters' Pension Investment Fund for examinations of a downstate police or downstate firefighter pension fund. Requires downstate police and downstate firefighter pension funds to include, in their annual report to the Public Pension Division, details on transactions pertaining to nontransferable assets that funds retain after transferring investments to the Police Officers' Pension Investment Fund or the Firefighters' Pension Investment Fund. Provides that, if a penalty is not paid within 30 days of the date of assessment and no just cause has been communicated, the Director of Insurance may (instead of if a penalty is not paid within 30 days of the date of assessment, the Director without further notice shall) report the act of noncompliance to the Attorney General. Repeals provisions establishing the Advisory Commission on Pension Benefits. Makes other changes.

personnel & pensionsassignments

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsors

There is no primary sponsor on record.

Cosponsors

  • Mark L. Walker

    Affiliation unavailable

  • Stephanie A. Kifowit

    Affiliation unavailable

Roll Call Votes

All Roll Calls

Yes: 109 • No: 0

House vote 4/9/2026

Third Reading - Short Debate - Passed

Yes: 99 • No: 0

House vote 3/20/2026

Do Pass / Short Debate Personnel & Pensions Committee;

Yes: 10 • No: 0

Actions Timeline

  1. Referred to Assignments

    4/30/2026Senate
  2. First Reading

    4/30/2026Senate
  3. Chief Senate Sponsor Sen. Mark L. Walker

    4/30/2026Senate
  4. Placed on Calendar Order of First Reading April 14, 2026

    4/10/2026Senate
  5. Arrive in Senate

    4/10/2026Senate
  6. Third Reading - Short Debate - Passed 099-000-000

    4/9/2026House
  7. Placed on Calendar Order of 3rd Reading - Short Debate

    4/8/2026House
  8. Second Reading - Short Debate

    4/8/2026House
  9. Placed on Calendar 2nd Reading - Short Debate

    3/20/2026House
  10. Do Pass / Short Debate Personnel & Pensions Committee; 010-000-000

    3/20/2026House
  11. Assigned to Personnel & Pensions Committee

    3/12/2026House
  12. Referred to Rules Committee

    2/10/2026House
  13. First Reading

    2/10/2026House
  14. Filed with the Clerk by Rep. Stephanie A. Kifowit

    2/5/2026House

Bill Text

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