Bill Status of HB5196

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HB5196 - 104th General Assembly

PEN CD-ACCELERATED BENEFIT
Last Action
4/08/2026 - House: Placed on Calendar Order of 3rd Reading - Short Debate
Statutes Amended In Order of Appearance
30 ILCS 330/2from Ch. 127, par. 652
30 ILCS 330/2.5
30 ILCS 330/7.7
40 ILCS 5/14-147.5
40 ILCS 5/14-147.6
40 ILCS 5/15-185.5
40 ILCS 5/15-185.6
40 ILCS 5/16-190.5
40 ILCS 5/16-190.6
Synopsis As Introduced
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, 2030 (instead of June 30, 2026). Effective immediately.

House Committee Amendment No. 1
Replaces everything after the enacting clause. 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.
Actions
Date Chamber Action
2/05/2026 House Filed with the Clerk by Rep. Bob Morgan
2/10/2026 House First Reading
2/10/2026 House Referred to Rules Committee
3/04/2026 House Assigned to Personnel & Pensions Committee
3/04/2026 House House Committee Amendment No. 1 Filed with Clerk by Rep. Bob Morgan
3/04/2026 House House Committee Amendment No. 1 Referred to Rules Committee
3/18/2026 House House Committee Amendment No. 1 Rules Refers to Personnel & Pensions Committee
3/20/2026 House Added Co-Sponsor Rep. Steven Reick
3/20/2026 House Added Co-Sponsor Rep. Stephanie A. Kifowit
3/20/2026 House House Committee Amendment No. 1 Adopted in Personnel & Pensions Committee; by Voice Vote
3/20/2026 House Do Pass as Amended / Short Debate Personnel & Pensions Committee; 010-000-000
3/20/2026 House Placed on Calendar 2nd Reading - Short Debate
4/02/2026 House Added Co-Sponsor Rep. Martha Deuter
4/08/2026 House Second Reading - Short Debate
4/08/2026 House Placed on Calendar Order of 3rd Reading - Short Debate
4/10/2026 House House Floor Amendment No. 2 Filed with Clerk by Rep. Bob Morgan
4/10/2026 House House Floor Amendment No. 2 Referred to Rules Committee