IllinoisSB3404104th General Assembly (2025–2026)SenateWALLET

PEN CD-ACCEL BENEFIT PAYMENT

Sponsored By: Robert F. Martwick (Democratic)

Passed Senate

Summary

Amends the Downstate Police, Downstate Firefighter, Chicago Police, Chicago Firefighter, Chicago Municipal, Cook County, Cook County Forest Preserve, Chicago Laborers, and Chicago Park District Articles of the Illinois Pension Code. Establishes an accelerated pension benefit payment in lieu of any pension benefit under which an eligible person may elect to receive an amount determined by the Fund to be equal to 60% of the present value of his or her pension benefits in lieu of receiving any pension benefit. Establishes an accelerated pension benefit payment for a reduction in annual retirement annuity and survivor's annuity increases, as applicable, under which a Tier 1 member may elect to receive an accelerated pension benefit payment equal to 70% of the difference of the present value of the automatic annual increases to a Tier 1 member's retirement annuity and survivor's annuity using the formula applicable to the Tier 1 member and the present value of the automatic annual increases to the Tier 1 member's retirement annuity using a specified formula and survivor's annuity using a specified formula. Amends the Counties Code and the Illinois Municipal Code. Requires municipalities and counties with more than 3,000,000 inhabitants to establish an accelerated pension benefit program to implement the accelerated pension benefit payments. Provides that the county or municipality shall remit to the pension funds a contribution, which may be a contribution of zero dollars, that shall constitute the total funding for accelerated pension benefit payments for that fiscal year. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

assignmentspensionsappropriations-pensions & personnel

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Robert F. Martwick

    Democratic • Senate

Cosponsors

  • Adriane L. Johnson

    Democratic • Senate

  • Bob Morgan

    Democratic • House

  • Chris Balkema

    Republican • Senate

  • Jil Tracy

    Republican • Senate

  • Li Arellano, Jr.

    Republican • Senate

  • Terri Bryant

    Republican • Senate

  • Travis Weaver

    Republican • House

Roll Call Votes

All Roll Calls

Yes: 145 • No: 38

House vote • 5/21/2026

Motion to Suspend Rule 21 - Prevailed

Yes: 72 • No: 38

Senate vote • 5/20/2026

Third Reading - Passed;

Yes: 58 • No: 0

Senate vote • 5/6/2026

Senate Floor Amendment No. 2 Recommend Do Adopt Pensions;

Yes: 8 • No: 0

Senate vote • 3/11/2026

Do Pass Pensions;

Yes: 7 • No: 0

Actions Timeline

  1. Rule 19(a) / Re-referred to Rules Committee

    5/31/2026House
  2. Senate Floor Amendment No. 2 Fiscal Note Filed as Amended

    5/27/2026House
  3. Pension Note Filed

    5/26/2026House
  4. Motion to Suspend Rule 21 - Prevailed 072-038-000

    5/21/2026House
  5. Motion Filed to Suspend Rule 21 Appropriations-Pensions & Personnel; Rep. Ann M. Williams

    5/21/2026House
  6. Added Alternate Chief Co-Sponsor Rep. Travis Weaver

    5/21/2026House
  7. Committee/Final Action Deadline Extended-9(b) May 31, 2026

    5/21/2026House
  8. Assigned to Appropriations-Pensions & Personnel

    5/21/2026House
  9. Referred to Rules Committee

    5/20/2026House
  10. First Reading

    5/20/2026House
  11. Chief House Sponsor Rep. Bob Morgan

    5/20/2026House
  12. Arrived in House

    5/20/2026House
  13. Senate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a)

    5/20/2026Senate
  14. Third Reading - Passed; 058-000-000

    5/20/2026Senate
  15. Placed on Calendar Order of 3rd Reading

    5/20/2026Senate
  16. Senate Floor Amendment No. 2 Adopted; Martwick

    5/20/2026Senate
  17. Recalled to Second Reading

    5/20/2026Senate
  18. Rule 2-10 Third Reading Deadline Established As May 22, 2026

    5/15/2026Senate
  19. Added as Co-Sponsor Sen. Jil Tracy

    5/13/2026Senate
  20. Added as Co-Sponsor Sen. Terri Bryant

    5/12/2026Senate
  21. Added as Co-Sponsor Sen. Adriane L. Johnson

    5/12/2026Senate
  22. Rule 2-10 Third Reading Deadline Established As May 15, 2026

    5/8/2026Senate
  23. Senate Floor Amendment No. 2 Recommend Do Adopt Pensions; 008-000-000

    5/6/2026Senate
  24. Senate Floor Amendment No. 2 Assignments Refers to Pensions

    4/29/2026Senate
  25. Senate Floor Amendment No. 1 Assignments Refers to Pensions

    4/28/2026Senate

Bill Text

  • Engrossed

  • Introduced

  • Senate Amendment 1

  • Senate Amendment 2

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