Illinois 104th General Assembly Status: Introduced 1 D cosponsors

SB2950      — PEN CD-ACCELERATED BENEFIT

Last action — Rule 3-9(a) / Re-referred to Assignments

  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the Senate. Introduced January 27, 2026. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Stalled 28% · moderate confidence

  • Introduced

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 D).

  • Cleared a recorded vote

    Passed 1 recorded vote so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

The bill allows extended options for accelerated pension benefit payments until 2028.

This bill amends the General Obligation Bond Act to authorize more pension obligation acceleration bonds and extends the deadline for accelerated pension benefit options to June 30, 2028. This change affects the timing and amount of pension benefits for eligible state employees and teachers.

What this means for you
  • Workers: For state employees and teachers, this means you have more time to choose if you want an accelerated pension payment option.

Summary

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.

Bill Text

We don't have the full text on file for this bill yet.

Read SB2950 on the official Illinois source →

Action History

  1. Rule 3-9(a) / Re-referred to Assignments

  2. Rule 2-10 Third Reading Deadline Established As May 22, 2026

  3. Rule 2-10 Third Reading Deadline Established As May 15, 2026

  4. Rule 2-10 Third Reading Deadline Established As May 8, 2026

  5. Placed on Calendar Order of 3rd Reading March 24, 2026

  6. Second Reading

  7. Placed on Calendar Order of 2nd Reading March 12, 2026

  8. Do Pass Pensions; 007-000-000

  9. Assigned to Pensions

  10. Referred to Assignments

  11. First Reading

  12. Filed with Secretary by Sen. Robert F. Martwick

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 182 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (182)

182 members have not signed on to this bill.

Show all 182 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Pensions

Passed 7 Yea · 0 Nay · 3 Other
Party YeaNayPresentNot Voting
Republican 2001
Democrat 5002
Total 7003
% of votes cast 70%0%0%30%
How each member voted (10)
Member Party Vote
Javier L. Cervantes Democrat Not Voting
Laura Ellman Democrat Yea
Linda Holmes Democrat Yea
Mark L. Walker Democrat Yea
Mattie Hunter Democrat Not Voting
Robert F. Martwick Democrat Yea
Sara Feigenholtz Democrat Yea
Chris Balkema Republican Yea
Li Arellano, Jr. Republican Yea
Neil Anderson Republican Not Voting

Official roll call →

Subjects

finance veterans labor
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB2950      do?
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.
Who sponsors SB2950     ?
SB2950      is sponsored by Robert F. Martwick (Democrat).
What is the current status of SB2950     ?
This bill has been introduced in the Senate. Introduced January 27, 2026. It must pass committee before a floor vote.
Where can I track SB2950     ?
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Last checked for changes 3 months ago · updated continuously

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