IL HB4292 | 2021-2022 | 102nd General Assembly
Status
Completed Legislative Action
Sponsorship: Bipartisan Bill
Status: Passed on May 5 2022 - 100% progression
Action: 2022-05-05 - Public Act . . . . . . . . . 102-0718
Text: Latest bill text (Chaptered) [HTML]
Sponsorship: Bipartisan Bill
Status: Passed on May 5 2022 - 100% progression
Action: 2022-05-05 - Public Act . . . . . . . . . 102-0718
Text: Latest bill text (Chaptered) [HTML]
Summary
Amends the General Obligation Bond Act. Authorizes an additional $1,000,000,000 of State Pension Obligation Acceleration Bonds. Makes a conforming change. Amends the State Employees, State Universities, and Downstate Teachers Articles of the Illinois Pension Code. Extends the option for a participant to receive an accelerated pension benefit payment in lieu of any pension benefit or for a reduction in the increases to his or her annual retirement annuity and survivor's annuity to June 30, 2026 (instead of June 30, 2024). Effective immediately.
Title
PEN CD-ACCELERATED BENEFIT
Sponsors
Roll Calls
2022-03-29 - Senate - Third Reading in Senate (Y: 52 N: 1 NV: 6 Abs: 0) [PASS]
2022-02-24 - House - Third Reading in House (Y: 108 N: 2 NV: 1 Abs: 5) [PASS]
2022-02-24 - House - Third Reading in House (Y: 108 N: 2 NV: 1 Abs: 5) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2022-05-05 | House | Public Act . . . . . . . . . 102-0718 |
| 2022-05-05 | House | Effective Date May 5, 2022 |
| 2022-05-05 | House | Governor Approved |
| 2022-04-18 | House | Sent to the Governor |
| 2022-03-29 | House | Passed Both Houses |
| 2022-03-29 | Senate | Third Reading - Passed; 052-001-000 |
| 2022-03-23 | Senate | Placed on Calendar Order of 3rd Reading March 24, 2022 |
| 2022-03-23 | Senate | Second Reading |
| 2022-03-09 | Senate | Placed on Calendar Order of 2nd Reading March 10, 2022 |
| 2022-03-09 | Senate | Do Pass Pensions; 008-001-000 |
| 2022-03-02 | Senate | Assigned to Pensions |
| 2022-02-24 | Senate | Referred to Assignments |
| 2022-02-24 | Senate | First Reading |
| 2022-02-24 | Senate | Chief Senate Sponsor Sen. Robert F. Martwick |
| 2022-02-24 | Senate | Placed on Calendar Order of First Reading |
| 2022-02-24 | Senate | Arrive in Senate |
| 2022-02-24 | House | Added Co-Sponsor Rep. Suzanne Ness |
| 2022-02-24 | House | Added Co-Sponsor Rep. Andrew S. Chesney |
| 2022-02-24 | House | Added Co-Sponsor Rep. Bradley Stephens |
| 2022-02-24 | House | Added Co-Sponsor Rep. Chris Bos |
| 2022-02-24 | House | Added Co-Sponsor Rep. Tim Ozinga |
| 2022-02-24 | House | Added Co-Sponsor Rep. Jeff Keicher |
| 2022-02-24 | House | Added Co-Sponsor Rep. Mark Luft |
| 2022-02-24 | House | Added Co-Sponsor Rep. Amy Grant |
| 2022-02-24 | House | Added Co-Sponsor Rep. Martin McLaughlin |
| 2022-02-24 | House | Added Co-Sponsor Rep. Deanne M. Mazzochi |
| 2022-02-24 | House | Added Co-Sponsor Rep. Michael Kelly |
| 2022-02-24 | House | Added Co-Sponsor Rep. Jaime M. Andrade, Jr. |
| 2022-02-24 | House | Added Co-Sponsor Rep. Eva-Dina Delgado |
| 2022-02-24 | House | Added Co-Sponsor Rep. Thomas M. Bennett |
| 2022-02-24 | House | Added Co-Sponsor Rep. Sue Scherer |
| 2022-02-24 | House | Third Reading - Short Debate - Passed 108-002-000 |
| 2022-02-23 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 2022-02-22 | House | Held on Calendar Order of Second Reading - Short Debate |
| 2022-02-22 | House | Removed from Consent Calendar Status Rep. Bob Morgan |
| 2022-02-17 | House | Held on Calendar Order of Second Reading - Consent Calendar |
| 2022-02-17 | House | Second Reading - Consent Calendar |
| 2022-01-28 | House | Added Co-Sponsor Rep. Daniel Didech |
| 2022-01-26 | House | Added Co-Sponsor Rep. Steven Reick |
| 2022-01-24 | House | Added Co-Sponsor Rep. Janet Yang Rohr |
| 2022-01-24 | House | Added Chief Co-Sponsor Rep. Margaret Croke |
| 2022-01-21 | House | Placed on Calendar 2nd Reading - Consent Calendar |
| 2022-01-20 | House | Do Pass / Consent Calendar Personnel & Pensions Committee; 008-000-000 |
| 2022-01-11 | House | Assigned to Personnel & Pensions Committee |
| 2022-01-05 | House | Referred to Rules Committee |
| 2022-01-05 | House | First Reading |
| 2021-12-22 | House | Added Chief Co-Sponsor Rep. Mark Batinick |
| 2021-12-22 | House | Added Chief Co-Sponsor Rep. Michael J. Zalewski |
| 2021-12-20 | House | Filed with the Clerk by Rep. Bob Morgan |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 30 | 330 | 2 | Amended Code | Citation Text |
| 30 | 330 | 2.5 | Amended Code | Citation Text |
| 30 | 330 | 7.7 | Amended Code | Citation Text |
| 40 | 5 | 14-147.5 | Amended Code | Citation Text |
| 40 | 5 | 14-147.6 | Amended Code | Citation Text |
| 40 | 5 | 15-185.5 | Amended Code | Citation Text |
| 40 | 5 | 15-185.6 | Amended Code | Citation Text |
| 40 | 5 | 16-190.5 | Amended Code | Citation Text |
| 40 | 5 | 16-190.6 | Amended Code | Citation Text |
