Illinois · Senate Bill 3404 · 104th General Assembly

PEN CD-ACCEL BENEFIT PAYMENT

SB 3404 Sponsored by Robert F. Martwick Passed one chamber

  1. Introduced Feb 4, 2026
  2. In committee Feb 4, 2026
  3. Passed the Senate May 20, 2026
  4. Passed the House Next
  5. To the governor  
  6. Became law  

What it does

The legislature's own summary of the bill, or its official long title.

Amends the Downstate Police, Downstate Firefighter, Chicago Police, Chicago Firefighter, Chicago Municipal, Cook County, Cook County Forest Preserve, Chicago Laborers, and Chicago Park District Articles of the Illinois Pension Code. Establishes an accelerated pension benefit payment in lieu of any pension benefit under which an eligible person may elect to receive an amount determined by the Fund to be equal to 60%…

Read the full title (255 words)

Amends the Downstate Police, Downstate Firefighter, Chicago Police, Chicago Firefighter, Chicago Municipal, Cook County, Cook County Forest Preserve, Chicago Laborers, and Chicago Park District Articles of the Illinois Pension Code. Establishes an accelerated pension benefit payment in lieu of any pension benefit under which an eligible person may elect to receive an amount determined by the Fund to be equal to 60% of the present value of his or her pension benefits in lieu of receiving any pension benefit. Establishes an accelerated pension benefit payment for a reduction in annual retirement annuity and survivor's annuity increases, as applicable, under which a Tier 1 member may elect to receive an accelerated pension benefit payment equal to 70% of the difference of the present value of the automatic annual increases to a Tier 1 member's retirement annuity and survivor's annuity using the formula applicable to the Tier 1 member and the present value of the automatic annual increases to the Tier 1 member's retirement annuity using a specified formula and survivor's annuity using a specified formula. Amends the Counties Code and the Illinois Municipal Code. Requires municipalities and counties with more than 3,000,000 inhabitants to establish an accelerated pension benefit program to implement the accelerated pension benefit payments. Provides that the county or municipality shall remit to the pension funds a contribution, which may be a contribution of zero dollars, that shall constitute the total funding for accelerated pension benefit payments for that fiscal year. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Every action

40 steps, oldest first, as the legislature records them.

Show the 32 earlier steps
  1. SenateFiled with Secretary by Sen. Robert F. Martwick
  2. SenateFirst Reading
  3. CommitteeReferred to Assignments · Senate Assignments
  4. CommitteeAssigned to Pensions · Senate Pensions
  5. SenateAdded as Co-Sponsor Sen. Chris Balkema
  6. SenateAdded as Co-Sponsor Sen. Li Arellano, Jr.
  7. CommitteeDo Pass Pensions; 007-000-000 · Senate Pensions
  8. SenatePlaced on Calendar Order of 2nd Reading March 12, 2026
  9. SenateSecond Reading
  10. SenatePlaced on Calendar Order of 3rd Reading April 15, 2026
  11. SenateRule 2-10 Third Reading Deadline Established As May 8, 2026
  12. SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Robert F. Martwick
  13. CommitteeSenate Floor Amendment No. 1 Referred to Assignments · Senate Assignments
  14. SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Robert F. Martwick
  15. CommitteeSenate Floor Amendment No. 2 Referred to Assignments · Senate Assignments
  16. CommitteeSenate Floor Amendment No. 1 Assignments Refers to Pensions · Senate Assignments
  17. CommitteeSenate Floor Amendment No. 2 Assignments Refers to Pensions · Senate Assignments
  18. CommitteeSenate Floor Amendment No. 2 Recommend Do Adopt Pensions; 008-000-000 · Senate Pensions
  19. SenateRule 2-10 Third Reading Deadline Established As May 15, 2026
  20. SenateAdded as Co-Sponsor Sen. Adriane Johnson
  21. SenateAdded as Co-Sponsor Sen. Terri Bryant
  22. SenateAdded as Co-Sponsor Sen. Jil Tracy
  23. SenateRule 2-10 Third Reading Deadline Established As May 22, 2026
  24. SenateRecalled to Second Reading
  25. SenateSenate Floor Amendment No. 2 Adopted; Martwick
  26. SenatePlaced on Calendar Order of 3rd Reading
  27. SenateThird Reading - Passed; 058-000-000
  28. SenateSenate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
  29. HouseArrived in House
  30. HouseChief House Sponsor Rep. Bob Morgan
  31. HouseFirst Reading
  32. CommitteeReferred to Rules Committee · House Rules
  1. CommitteeAssigned to Appropriations-Pensions & Personnel · House Approp-Pensions & Personnel
  2. HouseCommittee/Final Action Deadline Extended-9(b) May 31, 2026
  3. HouseAdded Alternate Chief Co-Sponsor Rep. Travis Weaver
  4. HouseMotion Filed to Suspend Rule 21 Appropriations-Pensions & Personnel; Rep. Ann M. Williams
  5. HouseMotion to Suspend Rule 21 - Prevailed 072-038-000
  6. HousePension Note Filed
  7. HouseSenate Floor Amendment No. 2 Fiscal Note Filed as Amended
  8. CommitteeRule 19(a) / Re-referred to Rules Committee · House Rules

Roll calls

3 recorded votes: 1 on the floor, 2 in committee. Each shows how every member voted.

Third Reading · Full Senate

Passed 58–0
May 20, 2026 · journal entry
Yes 58 No 0 Not voting 1
Democrats: 39 yes, 0 no Republicans: 19 yes, 0 no
How each member voted

Yes · 58

Not voting · 1

Committee and other votes

DateWhereQuestionResult
Mar 11, 2026 Senate Pensions Pensions - Do Pass
Members

Yes · 7

Not voting · 3

 Passed 7–0
May 6, 2026 Senate Pensions Senate Floor Amendment No. 2 - Pensions - Recommend Do Adopt
Members

Yes · 8

Not voting · 2

 Passed 8–0

Sponsors

The member who introduced it, joined by 6 cosponsors: 5 Republicans, 1 Democrat.

All 6 cosponsors

From Illinois's official records (www.ilga.gov), checked Nov 2, 2026. Text links go to the official versions; LegiList does not copy bill text.