SB3404Introduced in the Senate
PEN CD-ACCEL BENEFIT PAYMENT
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
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.
Where it stands
Rule 19(a) / Re-referred to Rules Committee
May 31, 2026
How did lawmakers vote?
SenateStage: Senate Third Reading · May 20, 2026
58
Yes
0
No
1
Absent or Not Voting
59 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| Javier Cervantes | 1 | Yes |
| Omar Aquino | 2 | Yes |
| Mattie Hunter | 3 | Yes |
| Kimberly Lightford | 4 | Yes |
| Lakesia Collins | 5 | Yes |
| Sara Feigenholtz | 6 | Yes |
| Mike Simmons | 7 | Yes |
| Ram Villivalam | 8 | Yes |
| Laura Fine | 9 | Yes |
| Robert Martwick | 10 | Yes |
Bill history
Filed with Secretary by Sen. Robert F. Martwick
First Reading
Referred to Assignments
Assigned to Pensions
Added as Co-Sponsor Sen. Chris Balkema
Added as Co-Sponsor Sen. Li Arellano, Jr.
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 April 15, 2026
Rule 2-10 Third Reading Deadline Established As May 8, 2026
Senate Floor Amendment No. 1 Filed with Secretary by Sen. Robert F. Martwick
Senate Floor Amendment No. 1 Referred to Assignments
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Robert F. Martwick
Senate Floor Amendment No. 2 Referred to Assignments
Senate Floor Amendment No. 1 Assignments Refers to Pensions
Senate Floor Amendment No. 2 Assignments Refers to Pensions
Senate Floor Amendment No. 2 Recommend Do Adopt Pensions; 008-000-000
Rule 2-10 Third Reading Deadline Established As May 15, 2026
Added as Co-Sponsor Sen. Adriane L. Johnson
Added as Co-Sponsor Sen. Terri Bryant
Added as Co-Sponsor Sen. Jil Tracy
Rule 2-10 Third Reading Deadline Established As May 22, 2026
Recalled to Second Reading
Senate Floor Amendment No. 2 Adopted; Martwick
Placed on Calendar Order of 3rd Reading
Third Reading - Passed; 058-000-000
Senate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
Arrived in House
Chief House Sponsor Rep. Bob Morgan
First Reading
Referred to Rules Committee
Assigned to Appropriations-Pensions & Personnel
Committee/Final Action Deadline Extended-9(b) May 31, 2026
Added Alternate Chief Co-Sponsor Rep. Travis Weaver
Motion Filed to Suspend Rule 21 Appropriations-Pensions & Personnel; Rep. Ann M. Williams
Motion to Suspend Rule 21 - Prevailed 072-038-000
Pension Note Filed
Senate Floor Amendment No. 2 Fiscal Note Filed as Amended
Rule 19(a) / Re-referred to Rules Committee
Verify the information
Our commitment to neutrality
We provide factual information only. We never tell you which politicians or bills to support, and we do not rank, score, or endorse anyone.