IL SB3404 | 2025-2026 | 104th General Assembly
Status
Sponsorship: Slight Partisan Bill (Republican 5-3)
Status: Engrossed on May 20 2026 - 50% progression, died in committee
Action: 2026-05-31 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Engrossed) [HTML]
Status: Engrossed on May 20 2026 - 50% progression, died in committee
Action: 2026-05-31 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Engrossed) [HTML]
Summary
Reinserts the provisions of the introduced bill with the following changes. Provides that the county board of a county of more than 3,000,000 inhabitants and a municipality may (instead of shall) establish an accelerated pension benefit program. Makes conforming changes. Provides that participants' elections to receive the accelerated pension benefit shall be processed and paid in the order in which the complete applications are received by the fund. Sets forth provisions concerning notifying the pension fund that the county or municipality has elected to establish an accelerated pension benefit program and remitting a contribution for the program. Provides that moneys remitted to the pension fund for the purpose of the accelerated pension benefit program must be kept in a separate account. Provides that, if any moneys remain in this account at the end of the fiscal year, the fund must remit those moneys back to the employer within one month after the end of the fiscal year, unless the employer notifies the pension fund at least one month before the end of the fiscal year that the funds shall remain in the account to be used for the subsequent fiscal year. Further amends the Illinois Pension Code. Authorizes accelerated pension benefit payments under the Chicago Teacher Article of the Code. Amends the Chicago Public Schools Article of the School Code to make conforming changes. Effective immediately.
Title
PEN CD-ACCEL BENEFIT PAYMENT
Sponsors
| Sen. Robert Martwick [D] | Sen. Chris Balkema [R] | Sen. Li Arellano [R] | Sen. Adriane Johnson [D] |
| Sen. Terri Bryant [R] | Sen. Jil Tracy [R] | Rep. Bob Morgan [D] | Rep. Travis Weaver [R] |
Roll Calls
2026-05-20 - Senate - Senate Third Reading (Y: 58 N: 0 NV: 1 Abs: 0) [PASS]
2026-05-06 - Senate - Senate Pensions Committee (Y: 8 N: 0 NV: 2 Abs: 0) [PASS]
2026-03-11 - Senate - Senate Pensions Committee (Y: 7 N: 0 NV: 3 Abs: 0) [PASS]
2026-05-06 - Senate - Senate Pensions Committee (Y: 8 N: 0 NV: 2 Abs: 0) [PASS]
2026-03-11 - Senate - Senate Pensions Committee (Y: 7 N: 0 NV: 3 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2026-05-31 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2026-05-27 | House | Senate Floor Amendment No. 2 Fiscal Note Filed as Amended |
| 2026-05-26 | House | Pension Note Filed |
| 2026-05-21 | House | Motion to Suspend Rule 21 - Prevailed 072-038-000 |
| 2026-05-21 | House | Motion Filed to Suspend Rule 21 Appropriations-Pensions & Personnel; Rep. Ann M. Williams |
| 2026-05-21 | House | Added Alternate Chief Co-Sponsor Rep. Travis Weaver |
| 2026-05-21 | House | Committee/Final Action Deadline Extended-9(b) May 31, 2026 |
| 2026-05-21 | House | Assigned to Appropriations-Pensions & Personnel |
| 2026-05-20 | House | Referred to Rules Committee |
| 2026-05-20 | House | First Reading |
| 2026-05-20 | House | Chief House Sponsor Rep. Bob Morgan |
| 2026-05-20 | House | Arrived in House |
| 2026-05-20 | Senate | Senate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a) |
| 2026-05-20 | Senate | Third Reading - Passed; 058-000-000 |
| 2026-05-20 | Senate | Placed on Calendar Order of 3rd Reading |
| 2026-05-20 | Senate | Senate Floor Amendment No. 2 Adopted; Martwick |
| 2026-05-20 | Senate | Recalled to Second Reading |
| 2026-05-15 | Senate | Rule 2-10 Third Reading Deadline Established As May 22, 2026 |
| 2026-05-13 | Senate | Added as Co-Sponsor Sen. Jil Tracy |
| 2026-05-12 | Senate | Added as Co-Sponsor Sen. Terri Bryant |
| 2026-05-12 | Senate | Added as Co-Sponsor Sen. Adriane L. Johnson |
| 2026-05-08 | Senate | Rule 2-10 Third Reading Deadline Established As May 15, 2026 |
| 2026-05-06 | Senate | Senate Floor Amendment No. 2 Recommend Do Adopt Pensions; 008-000-000 |
| 2026-04-29 | Senate | Senate Floor Amendment No. 2 Assignments Refers to Pensions |
| 2026-04-28 | Senate | Senate Floor Amendment No. 1 Assignments Refers to Pensions |
| 2026-04-28 | Senate | Senate Floor Amendment No. 2 Referred to Assignments |
| 2026-04-28 | Senate | Senate Floor Amendment No. 2 Filed with Secretary by Sen. Robert F. Martwick |
| 2026-04-24 | Senate | Senate Floor Amendment No. 1 Referred to Assignments |
| 2026-04-24 | Senate | Senate Floor Amendment No. 1 Filed with Secretary by Sen. Robert F. Martwick |
| 2026-04-17 | Senate | Rule 2-10 Third Reading Deadline Established As May 8, 2026 |
| 2026-04-14 | Senate | Placed on Calendar Order of 3rd Reading April 15, 2026 |
| 2026-04-14 | Senate | Second Reading |
| 2026-03-11 | Senate | Placed on Calendar Order of 2nd Reading March 12, 2026 |
| 2026-03-11 | Senate | Do Pass Pensions; 007-000-000 |
| 2026-03-10 | Senate | Added as Co-Sponsor Sen. Li Arellano, Jr. |
| 2026-03-04 | Senate | Added as Co-Sponsor Sen. Chris Balkema |
| 2026-03-03 | Senate | Assigned to Pensions |
| 2026-02-04 | Senate | Referred to Assignments |
| 2026-02-04 | Senate | First Reading |
| 2026-02-04 | Senate | Filed with Secretary by Sen. Robert F. Martwick |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 105 | 5 | 34-89 | New Code | See Bill Text |
| 30 | 805 | 8.50 | New Code | See Bill Text |
| 40 | 5 | 10-104.6 | New Code | See Bill Text |
| 40 | 5 | 10-104.7 | New Code | See Bill Text |
| 40 | 5 | 11-223.5 | New Code | See Bill Text |
| 40 | 5 | 11-223.6 | New Code | See Bill Text |
| 40 | 5 | 12-133.8 | New Code | See Bill Text |
| 40 | 5 | 12-133.9 | New Code | See Bill Text |
| 40 | 5 | 17-120.5 | New Code | See Bill Text |
| 40 | 5 | 17-120.6 | New Code | See Bill Text |
| 40 | 5 | 3-144.3 | New Code | See Bill Text |
| 40 | 5 | 3-144.4 | New Code | See Bill Text |
| 40 | 5 | 4-138.15 | New Code | See Bill Text |
| 40 | 5 | 4-138.16 | New Code | See Bill Text |
| 40 | 5 | 5-218.5 | New Code | See Bill Text |
| 40 | 5 | 5-218.6 | New Code | See Bill Text |
| 40 | 5 | 6-213.5 | New Code | See Bill Text |
| 40 | 5 | 6-213.6 | New Code | See Bill Text |
| 40 | 5 | 8-244.5 | New Code | See Bill Text |
| 40 | 5 | 8-244.6 | New Code | See Bill Text |
| 40 | 5 | 9-134.6 | New Code | See Bill Text |
| 40 | 5 | 9-134.7 | New Code | See Bill Text |
| 55 | 5 | 3-14050 | New Code | See Bill Text |
| 65 | 5 | 10-4-13 | New Code | See Bill Text |
