IllinoisSB2826104th General Assembly (2025–2026)SenateWALLET

PEN CD-IMRF-BOARD OF TRUSTEES

Sponsored By: Chris Balkema (Republican)

Signed by Governor

Summary

Amends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. Provides that no person who has earned creditable service through employment by the Fund shall be eligible to serve as a trustee.

assignmentspensionspersonnel & pensions

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Bill Overview

Analyzed Economic Effects

4 provisions identified: 2 benefits, 1 costs, 1 mixed.

Separation pay and pension portability

If you leave a participating employer and do not qualify for an annuity when you apply, you get a separation benefit. If you qualify for a very small annuity (under $100 a month), you can choose the separation benefit instead. If you are entitled to an annuity and want to buy service credit in another plan, you can elect a separation benefit and use it for that credit. You must be separated from the employer where you last participated in the fund.

When and how your pension pays

The law explains when the fund starts paying your annuity. When the fund gets your written application, payments can start and can reach back up to one year. If you are out of service and otherwise entitled, payments also start when you reach the federal required distribution age. Your monthly benefit is at least $10. If an annuitant dies, any unpaid amount earned up to the date of death goes to the named beneficiary.

Who qualifies for municipal retirement pension

The law sets who can get a retirement annuity from the municipal retirement fund. You must meet a minimum age: 55 for Tier 1, 62 for Tier 2, or 50 if your benefit is under Section 7-142.1. If you first joined after December 31, 1961, you also need enough service: 8 years for Tier 1 or 10 years for Tier 2. You cannot get an annuity while you are entitled to pay from a job that makes you a participating employee. You also cannot prearrange to return to the same employer and still collect the annuity.

New rules for pension board

The law sets the pension board at eight members: four executives from participating employers, three employees, and one annuitant. Terms start January 1 after election and last five years. Trustees serve without pay but get expenses and any lost earnings reimbursed. People who lack minimum service credit or who earned service by working for the fund cannot serve; elected trustees are disqualified when they leave covered jobs, and the annuitant trustee is disqualified if the annuity ends. A no-gap move to another participating employer does not disqualify; vacancies are filled by board appointment, and actions need at least five votes at a regular or properly called special meeting.

Sponsors & Cosponsors

Sponsor

  • Chris Balkema

    Republican • Senate

Cosponsors

  • Dagmara Avelar

    Democratic • House

  • Dave Vella

    Democratic • House

  • Janet Yang Rohr

    Democratic • House

  • Martha Deuter

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 269 • No: 36

House vote • 5/21/2026

Third Reading - Short Debate - Passed

Yes: 111 • No: 0

House vote • 5/14/2026

Do Pass / Short Debate Personnel & Pensions Committee;

Yes: 10 • No: 0

House vote • 5/12/2026

Motion to Suspend Rule 21 - Prevailed

Yes: 75 • No: 36 • Other: 1

Senate vote • 5/7/2026

Third Reading - Passed;

Yes: 58 • No: 0

Senate vote • 5/6/2026

Senate Floor Amendment No. 1 Recommend Do Adopt Pensions;

Yes: 8 • No: 0

Senate vote • 4/15/2026

Do Pass Pensions;

Yes: 7 • No: 0

Actions Timeline

  1. Public Act . . . . . . . . . 104-0634

    7/24/2026Senate
  2. Effective Date January 1, 2027

    7/24/2026Senate
  3. Governor Approved

    7/24/2026Senate
  4. Sent to the Governor

    6/18/2026Senate
  5. Passed Both Houses

    5/21/2026Senate
  6. Third Reading - Short Debate - Passed 111-000-000

    5/21/2026House
  7. Placed on Calendar Order of 3rd Reading - Short Debate

    5/19/2026House
  8. Second Reading - Short Debate

    5/19/2026House
  9. Added Alternate Co-Sponsor Rep. Dave Vella

    5/14/2026House
  10. Added Alternate Co-Sponsor Rep. Dagmara Avelar

    5/14/2026House
  11. Added Alternate Co-Sponsor Rep. Janet Yang Rohr

    5/14/2026House
  12. Placed on Calendar 2nd Reading - Short Debate

    5/14/2026House
  13. Do Pass / Short Debate Personnel & Pensions Committee; 010-000-000

    5/14/2026House
  14. Motion to Suspend Rule 21 - Prevailed 075-036-001

    5/12/2026House
  15. Motion Filed to Suspend Rule 21 Personnel & Pensions Committee; Rep. Robyn Gabel

    5/12/2026House
  16. Committee Deadline Extended-Rule 9(b) May 15, 2026

    5/12/2026House
  17. Assigned to Personnel & Pensions Committee

    5/12/2026House
  18. Referred to Rules Committee

    5/12/2026House
  19. First Reading

    5/12/2026House
  20. Chief House Sponsor Rep. Martha Deuter

    5/8/2026House
  21. Arrived in House

    5/8/2026House
  22. Third Reading - Passed; 058-000-000

    5/7/2026Senate
  23. Placed on Calendar Order of 3rd Reading

    5/7/2026Senate
  24. Senate Floor Amendment No. 1 Adopted; Balkema

    5/7/2026Senate
  25. Recalled to Second Reading

    5/7/2026Senate

Bill Text

Related Bills

Back to State Legislation