# Illinois SB1455: PEN CD-DEFERRED COMP-FEES

Illinois SB1455, PEN CD-DEFERRED COMP-FEES, is a 104th General Assembly (2025–2026) Senate bill sponsored by Robert F. Martwick (Democratic); status in committee, last action 2026-04-17 (Rule 3-9(a) / Re-referred to Assignments) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IL-SB1455-2025-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Illinois SB1455
- State: Illinois
- Session: 104th General Assembly (2025–2026)
- Title: PEN CD-DEFERRED COMP-FEES
- Status: in committee
- Chamber: Senate
- Introduced: 2025-01-31
- Last action: 2026-04-17, Rule 3-9(a) / Re-referred to Assignments
- Sponsor: Robert F. Martwick (Democratic)
- Cosponsors: 0
- Subjects: assignments, pensions
- Touches household money: no
- Roll calls: 2 (15 yes, 4 no in all)
- Economic provisions PRIA read: 0

## Summary

Amends the Deferred Compensation Article of the Illinois Pension Code. Provides that, after January 1, 2026, the deferred compensation plan shall provide for the recovery of the expenses of its administration by charging fees equitably prorated among the participating employers (instead of by charging administrative expenses against the earnings from investments or by charging fees equitably prorated among the participating State employees or by such other appropriate and equitable method as the Illinois State Board of Investment shall determine). Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Robert F. Martwick (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-04-09 | Senate | Senate Floor Amendment No. 1 Recommend Do Adopt Pensions; | pass | 8 | 1 |   |
| 2025-03-19 | Senate | Do Pass Pensions; | pass | 7 | 3 |   |

## Actions (20)

- 2026-04-17: Rule 3-9(a) / Re-referred to Assignments (Senate)
- 2026-04-14: Placed on Calendar Order of 3rd Reading April 15, 2026 (Senate)
- 2026-04-14: Approved for Consideration Assignments (Senate)
- 2025-06-02: Rule 3-9(a) / Re-referred to Assignments (Senate)
- 2025-05-23: Rule 2-10 Third Reading Deadline Established As June 1, 2025 (Senate)
- 2025-05-09: Rule 2-10 Third Reading Deadline Established As May 23, 2025 (Senate)
- 2025-04-11: Rule 2-10 Third Reading Deadline Established As May 9, 2025 (Senate)
- 2025-04-09: Placed on Calendar Order of 3rd Reading April 10, 2025 (Senate)
- 2025-04-09: Senate Floor Amendment No. 1 Adopted; Martwick (Senate)
- 2025-04-09: Second Reading (Senate)
- 2025-04-09: Senate Floor Amendment No. 1 Recommend Do Adopt Pensions; 008-001-000 (Senate)
- 2025-04-08: Senate Floor Amendment No. 1 Assignments Refers to Pensions (Senate)
- 2025-04-02: Senate Floor Amendment No. 1 Referred to Assignments (Senate)
- 2025-04-02: Senate Floor Amendment No. 1 Filed with Secretary by Sen. Robert F. Martwick (Senate)
- 2025-03-19: Placed on Calendar Order of 2nd Reading March 20, 2025 (Senate)
- 2025-03-19: Do Pass Pensions; 007-003-000 (Senate)
- 2025-03-12: Assigned to Pensions (Senate)
- 2025-01-31: Referred to Assignments (Senate)
- 2025-01-31: First Reading (Senate)
- 2025-01-31: Filed with Secretary by Sen. Robert F. Martwick (Senate)

## Bill text

- Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1455.pdf)
- Senate Amendment 1: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1455sam001.pdf)

## Related bills

- HB5198: AFFORDABLE HOUSING-CILAS (passed house)
- SB1937: PENSION CODE-VARIOUS (passed senate)
- HB2563: CONDO-RESERVE STUDY (in committee)
- HB4701: LIMITATIONS FACILITY FEES ACT (in committee)
- SB3008: DHS-ABLE PROGRAM INFO MATERIAL (passed senate)
- SB3484: VEH CD-PLATES-REGISTRATION (signed)

## Sources
- [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1455.pdf)
- [Senate Amendment 1 (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1455sam001.pdf)

## Related
- [HB5198: AFFORDABLE HOUSING-CILAS](https://policyrisk.com/state-bill/IL-HB5198-2025-2026)
- [SB1937: PENSION CODE-VARIOUS](https://policyrisk.com/state-bill/IL-SB1937-2025-2026)
- [HB2563: CONDO-RESERVE STUDY](https://policyrisk.com/state-bill/IL-HB2563-2025-2026)
- [HB4701: LIMITATIONS FACILITY FEES ACT](https://policyrisk.com/state-bill/IL-HB4701-2025-2026)
- [SB3008: DHS-ABLE PROGRAM INFO MATERIAL](https://policyrisk.com/state-bill/IL-SB3008-2025-2026)
- [SB3484: VEH CD-PLATES-REGISTRATION](https://policyrisk.com/state-bill/IL-SB3484-2025-2026)
- [Illinois bills](https://policyrisk.com/states/illinois/bills)
- [Illinois state hub](https://policyrisk.com/states/illinois)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/IL-SB1455-2025-2026 (as of 2026-11-01).