SB2950Introduced in the Senate
PEN CD-ACCELERATED BENEFIT
Introduced by Robert Martwick, District 10
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
Amends the General Obligation Bond Act. Authorizes an additional $700,000,000 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, 2026). Effective immediately.
Where it stands
Rule 3-9(a) / Re-referred to Assignments
May 22, 2026
How did lawmakers vote?
SenateStage: Senate Pensions Committee · March 11, 2026
7
Yes
0
No
3
Absent or Not Voting
10 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| Javier Cervantes | 1 | Not Voting |
| Mattie Hunter | 3 | Not Voting |
| Sara Feigenholtz | 6 | Yes |
| Robert Martwick | 10 | Yes |
| Laura Ellman | 21 | Yes |
| Mark Walker | 27 | Yes |
| Li Arellano | 37 | Yes |
| Linda Holmes | 42 | Yes |
| Neil Anderson | 47 | Not Voting |
| Chris Balkema | 53 | Yes |
Bill history
Filed with Secretary by Sen. Robert F. Martwick
First Reading
Referred to Assignments
Assigned to Pensions
Do Pass Pensions; 007-000-000
Placed on Calendar Order of 2nd Reading March 12, 2026
Second Reading
Placed on Calendar Order of 3rd Reading March 24, 2026
Rule 2-10 Third Reading Deadline Established As May 8, 2026
Rule 2-10 Third Reading Deadline Established As May 15, 2026
Rule 2-10 Third Reading Deadline Established As May 22, 2026
Rule 3-9(a) / Re-referred to Assignments
Verify the information
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