PEN CD-ACCELERATED BENEFIT House SponsorsRep. Bob Morgan, Steven Reick, Stephanie A. Kifowit and Martha Deuter 3/20/2026HousePlaced on Calendar 2nd Reading - Short Debate 30 ILCS 330/2from Ch. 127, par. 65230 ILCS 330/2.530 ILCS 330/7.740 ILCS 5/14-147.540 ILCS 5/14-147.640 ILCS 5/15-185.540 ILCS 5/15-185.640 ILCS 5/16-190.540 ILCS 5/16-190.6 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. 2/5/2026HouseFiled with the Clerk by Rep. Bob Morgan 2/10/2026HouseFirst Reading 2/10/2026HouseReferred to Rules Committee 3/4/2026HouseAssigned to Personnel & Pensions Committee 3/4/2026HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Bob Morgan 3/4/2026HouseHouse Committee Amendment No. 1 Referred to Rules Committee 3/18/2026HouseHouse Committee Amendment No. 1 Rules Refers to Personnel & Pensions Committee 3/20/2026HouseAdded Co-Sponsor Rep. Steven Reick 3/20/2026HouseAdded Co-Sponsor Rep. Stephanie A. Kifowit 3/20/2026HouseHouse Committee Amendment No. 1 Adopted in Personnel & Pensions Committee; by Voice Vote 3/20/2026HouseDo Pass as Amended / Short Debate Personnel & Pensions Committee; 010-000-000 3/20/2026HousePlaced on Calendar 2nd Reading - Short Debate 4/2/2026HouseAdded Co-Sponsor Rep. Martha Deuter