Bill Title: Reinserts the provisions of the introduced bill with the following changes. Amends the General Obligation Bond Act. Authorizes an additional $700,000,000 (rather than $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, 2028 (instead of June 30, 2030). Effective immediately.
Sponsorship: Slight Partisan Bill (Democrat 9-5)
Status: (Passed) 2026-06-16 - Public Act . . . . . . . . . 104-0467
[HB5196 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
|---|
| Enrolled | 2026-05-29 | HTML/Text | Link | View |
| Engrossed | 2026-04-08 | HTML/Text | Link | View |
| Introduced | 2026-02-05 | HTML/Text | Link | View |
Amendments
Supplemental Documents
| Title | Description | Date | Format | Source | View |
|---|
| No supplemental documents for Illinois HB5196 currently on file. |
