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SB3403 - 104th General Assembly
PEN CD-BD OF INVESTMENT AUDIT
Last Action
Statutes Amended In Order of Appearance
40 ILCS 5/22A-115from Ch. 108 1/2, par. 22A-115
Synopsis As Introduced
Amends the Investment Board Article of the Illinois Pension. Provides that, if the Illinois State Board of Investment has not received a required audit opinion by December 15, the Board shall not be considered in violation of a provision requiring an annual report to each pension fund, retirement system, or education fund under the Board's jurisdiction within 6 months after the close of each fiscal year. Effective immediately.
Pension Note (Government Forecasting & Accountability)
SB 3403 would have no fiscal impact, as the changes made are administrative.
SB 3403 would have no fiscal impact, as the changes made are administrative.
House Floor Amendment No. 1
Adds reference to:
40 ILCS 5/4-110from Ch. 108 1/2, par. 4-110
30 ILCS 805/8.50 new
Replaces everything after the enacting clause with the engrossed bill with the following changes. Amends the Downstate Firefighter Article of the Illinois Pension Code. Provides for a increase in the line of duty disability pension that continues to be paid to a firefighter's survivors after the death of the firefighter to $50,051.76 and adjusted by a simple 3% increase annually from the initial adjustment if: (1) the firefighter died in 2023; (2) the firefighter died less than 6 months before his or her 60th birthday; and (3) by no later than one year after the effective date of the amendatory Act, the board of trustees of the fire protection district adopted an ordinance or resolution granting the increase. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Pension Note, House Floor Amendment No. 1 (Government Forecasting & Accountability)
Increasing the continuing disability pension paid to survivors to $50,051.76 would have a fiscal impact on applicable local downstate firefighter pension funds, limited to survivors who would meet the eligibility requirements. It is not known how many would be eligible for the increase provided in SB 3403, as amended by HA 1. However, the number of eligible survivors is expected to be limited due to the restrictive requirements. There would be no fiscal impact associated with the changes to ISBI, as the changes are purely administrative.
Increasing the continuing disability pension paid to survivors to $50,051.76 would have a fiscal impact on applicable local downstate firefighter pension funds, limited to survivors who would meet the eligibility requirements. It is not known how many would be eligible for the increase provided in SB 3403, as amended by HA 1. However, the number of eligible survivors is expected to be limited due to the restrictive requirements. There would be no fiscal impact associated with the changes to ISBI, as the changes are purely administrative.
Actions
| Date | Chamber | Action |
|---|---|---|
| 2/04/2026 | Senate | Filed with Secretary by Sen. Robert F. Martwick |
| 2/04/2026 | Senate | First Reading |
| 2/04/2026 | Senate | Referred to Assignments |
| 2/17/2026 | Senate | Assigned to Pensions |
| 3/04/2026 | Senate | Do Pass Pensions; 007-000-000 |
| 3/04/2026 | Senate | Placed on Calendar Order of 2nd Reading March 5, 2026 |
| 3/05/2026 | Senate | Second Reading |
| 3/05/2026 | Senate | Placed on Calendar Order of 3rd Reading March 10, 2026 |
| 4/14/2026 | Senate | Placed on Calendar Order of 3rd Reading ** April 15, 2026 |
| 4/16/2026 | Senate | Third Reading - Passed; 057-000-000 |
| 4/17/2026 | House | Arrived in House |
| 4/17/2026 | House | Chief House Sponsor Rep. Janet Yang Rohr |
| 4/17/2026 | House | First Reading |
| 4/17/2026 | House | Referred to Rules Committee |
| 4/27/2026 | House | Assigned to Personnel & Pensions Committee |
| 5/05/2026 | House | Pension Note Filed |
| 5/07/2026 | House | Do Pass / Short Debate Personnel & Pensions Committee; 010-000-000 |
| 5/07/2026 | House | Placed on Calendar 2nd Reading - Short Debate |
| 5/19/2026 | House | Second Reading - Short Debate |
| 5/19/2026 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 5/21/2026 | House | Added Alternate Chief Co-Sponsor Rep. Laura Faver Dias |
| 5/22/2026 | House | Third Reading/Final Action Deadline Extended-9(b) May 31, 2026 |
| 5/26/2026 | House | House Floor Amendment No. 1 Filed with Clerk by Rep. Janet Yang Rohr |
| 5/26/2026 | House | House Floor Amendment No. 1 Referred to Rules Committee |
| 5/27/2026 | House | House Floor Amendment No. 1 Rules Refers to Personnel & Pensions Committee |
| 5/27/2026 | House | House Floor Amendment No. 1 Pension Note Filed as Amended |
| 5/28/2026 | House | House Floor Amendment No. 1 Recommends Be Adopted Personnel & Pensions Committee; 007-004-000 |
| 5/28/2026 | House | Recalled to Second Reading - Short Debate |
| 5/28/2026 | House | House Floor Amendment No. 1 Adopted by Voice Vote |
| 5/28/2026 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 5/28/2026 | House | Third Reading - Short Debate - Passed 089-020-000 |
| 5/28/2026 | Senate | Secretary's Desk - Concurrence House Amendment(s) 1 |
| 5/28/2026 | Senate | Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 29, 2026 |
| 5/29/2026 | Senate | House Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Robert F. Martwick |
| 5/29/2026 | Senate | House Floor Amendment No. 1 Motion to Concur Referred to Assignments |
| 5/29/2026 | Senate | House Floor Amendment No. 1 Motion to Concur Assignments Referred to Pensions |
| 5/30/2026 | Senate | House Floor Amendment No. 1 Motion To Concur Recommended Do Adopt Pensions; 009-000-000 |
| 5/31/2026 | Senate | House Floor Amendment No. 1 Senate Concurs 057-000-001 |
| 5/31/2026 | Senate | Senate Concurs |
| 5/31/2026 | Senate | Passed Both Houses |