PEN CD-ACCELERATED BENEFIT
State of IllinoisIllinoisReinserts 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.
- Status
- Passed
- Signed or otherwise enacted
- Status date
- Jun 16, 2026
- 149 days ago
- Current chamber
- House of Representatives
- Session
- 2025-2026 Regular Session
IL HB 5196 · PassedJun 16
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Bill details
- Last action
- Public Act . . . . . . . . . 104-0467 · Jun 16, 2026
Sponsors
BMBob MorganRepresentative · Democrat · HD-058Primary sponsorPrimary sponsor
RMRobert MartwickSenator · Democrat · SD-010Primary sponsorPrimary sponsor
JYJanet Yang RohrRepresentative · Democrat · HD-041
SRSteven ReickRepresentative · Republican · HD-063
SKStephanie KifowitRepresentative · Democrat · HD-084
MDMartha DeuterRepresentative · Democrat · HD-045
NGNicolle GrasseRepresentative · Democrat · HD-053
JSJennifer SanalitroRepresentative · Republican · HD-048
Show 6 more sponsors
MHMatt HansonRepresentative · Democrat · HD-083
ACAndrew ChesneySenator · Republican · SD-045
SFSara FeigenholtzSenator · Democrat · SD-006
LALi ArellanoSenator · Republican · SD-037
SGSuzanne Glowiak HiltonSenator · Democrat · SD-023
CBChris BalkemaSenator · Republican · SD-053
Bill history
Newest first.
Jun 16, 2026Public Act . . . . . . . . . 104-0467House
Jun 16, 2026Effective Date June 16, 2026House
Jun 16, 2026Governor ApprovedHouse
Jun 10, 2026Sent to the GovernorHouse
May 29, 2026Passed Both HousesHouse
May 29, 2026Third Reading - Passed; 056-000-000Senate
May 29, 20263/5 Vote RequiredSenate
May 29, 2026Added as Alternate Co-Sponsor Sen. Chris BalkemaSenate
Show 45 earlier actions
May 29, 2026Added as Alternate Co-Sponsor Sen. Suzy Glowiak HiltonSenate
May 29, 2026Added as Alternate Co-Sponsor Sen. Li Arellano, Jr.Senate
May 28, 2026Placed on Calendar Order of 3rd Reading May 29, 2026Senate
May 28, 2026Second ReadingSenate
May 28, 2026Added as Alternate Co-Sponsor Sen. Sara FeigenholtzSenate
May 27, 2026Placed on Calendar Order of 2nd ReadingSenate
May 27, 2026Do Pass Pensions; 010-000-000Senate
May 22, 2026Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2026Senate
May 19, 2026Assigned to PensionsSenate
May 19, 2026Rule 2-10 Committee Deadline Established As May 22, 2026Senate
Apr 30, 2026Added as Alternate Chief Co-Sponsor Sen. Andrew S. ChesneySenate
Apr 30, 2026Alternate Chief Sponsor Changed to Sen. Robert F. MartwickSenate
Apr 21, 2026Referred to AssignmentsSenate
Apr 21, 2026First ReadingSenate
Apr 21, 2026Chief Senate Sponsor Sen. Andrew S. ChesneySenate
Apr 21, 2026Placed on Calendar Order of First ReadingSenate
Apr 21, 2026Arrive in SenateSenate
Apr 16, 2026Added Co-Sponsor Rep. Matt HansonHouse
Apr 16, 2026Added Co-Sponsor Rep. Jennifer SanalitroHouse
Apr 16, 2026Added Co-Sponsor Rep. Nicolle GrasseHouse
Apr 16, 2026Third Reading - Short Debate - Passed 109-000-000House
Apr 16, 2026Placed on Calendar Order of 3rd Reading - Short DebateHouse
Apr 16, 2026House Floor Amendment No. 2 AdoptedHouse
Apr 16, 2026Recalled to Second Reading - Short DebateHouse
Apr 16, 2026Added Chief Co-Sponsor Rep. Janet Yang RohrHouse
Apr 16, 2026House Floor Amendment No. 2 Pension Note Filed as AmendedHouse
Apr 16, 2026House Floor Amendment No. 2 Recommends Be Adopted Personnel & Pensions Committee; 011-000-000House
Apr 14, 2026House Floor Amendment No. 2 Rules Refers to Personnel & Pensions CommitteeHouse
Apr 10, 2026House Floor Amendment No. 2 Referred to Rules CommitteeHouse
Apr 10, 2026House Floor Amendment No. 2 Filed with Clerk by Rep. Bob MorganHouse
Apr 8, 2026Placed on Calendar Order of 3rd Reading - Short DebateHouse
Apr 8, 2026Second Reading - Short DebateHouse
Apr 2, 2026Added Co-Sponsor Rep. Martha DeuterHouse
Mar 20, 2026Placed on Calendar 2nd Reading - Short DebateHouse
Mar 20, 2026Do Pass as Amended / Short Debate Personnel & Pensions Committee; 010-000-000House
Mar 20, 2026House Committee Amendment No. 1 Adopted in Personnel & Pensions Committee; by Voice VoteHouse
Mar 20, 2026Added Co-Sponsor Rep. Stephanie A. KifowitHouse
Mar 20, 2026Added Co-Sponsor Rep. Steven ReickHouse
Mar 18, 2026House Committee Amendment No. 1 Rules Refers to Personnel & Pensions CommitteeHouse
Mar 4, 2026House Committee Amendment No. 1 Referred to Rules CommitteeHouse
Mar 4, 2026House Committee Amendment No. 1 Filed with Clerk by Rep. Bob MorganHouse
Mar 4, 2026Assigned to Personnel & Pensions CommitteeHouse
Feb 10, 2026Referred to Rules CommitteeHouse
Feb 10, 2026First ReadingHouse
Feb 5, 2026Filed with the Clerk by Rep. Bob MorganHouse
Recorded votes
House Personnel & Pensions CommitteeMar 20, 2026 · House · 10 yea · 0 nayPassedPassed
House Personnel & Pensions CommitteeApr 16, 2026 · House · 11 yea · 0 nayPassedPassed
Senate Pensions CommitteeMay 27, 2026 · Senate · 10 yea · 0 nayPassedPassed
House Third ReadingApr 16, 2026 · House · 109 yea · 0 nayPassedPassed
Senate Third ReadingMay 29, 2026 · Senate · 56 yea · 0 nayPassedPassed
Read the bill at the source
This page follows the bill as the legislature records it. For the bill's full text and the official record, use the legislature's own site.
Bill data from LegiScan, licensed under CC BY 4.0.