HB 5196 Illinois House · 104th Regular Session

PEN CD-ACCELERATED BENEFIT

Summary

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.

Bill status signed all 5 stages cleared

Introduction

Apr 2026

Committee Review

May 2026

House Passage

May 2026

Senate Passage

May 2026

Signed into Law

Jun 2026

Introduced Apr 21, 2026 Signed Jun 16, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

Engrossed → Enrolled · 1 edit · Jun 16, 2026

MINOR

The primary change between the Engrossed and Enrolled versions of HB 5196 is the replacement of the bill title page and page headers from 'Engrossed' to 'Enrolled', signifying that the bill has passed both legislative chambers and is ready for the Governor's signature. There are no substantive policy changes regarding funding amounts, eligibility, or requirements.

TECHNICAL

Updated document headers and title page labels from 'Engrossed' to 'Enrolled' to reflect the bill's final status before becoming law.

Floor votes · Senate May 29, 2026 · House Apr 16, 2026

How they voted

55–0

Passed · 3 other

Total votes 58

May 29, 2026

D Democratic39

37 Yea 2

94% Yea

R Republican19

18 Yea 1

94% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jun 16, 2026

Signed into law

Governor Approved

lower

May 29, 2026

Lower · Passed

Passed Both Houses

lower

May 29, 2026

Upper · Passed

Third Reading - Passed; 056-000-000

upper

May 27, 2026

Upper · Passed

Do Pass Pensions; 010-000-000

upper

May 19, 2026

Committee

Assigned to Pensions

upper

May 19, 2026

Upper · Passed

Rule 2-10 Committee Deadline Established As May 22, 2026

upper

Apr 21, 2026

Committee

Referred to Assignments

upper

Apr 21, 2026

Introduced

Arrive in Senate

upper

Apr 16, 2026

Lower · Passed

Third Reading - Short Debate - Passed 109-000-000

lower

Apr 16, 2026

Lower · Passed

House Floor Amendment No. 2 Adopted

lower

Apr 16, 2026

Lower · Passed

House Floor Amendment No. 2 Recommends Be Adopted Personnel & Pensions Committee; 011-000-000

lower

Apr 14, 2026

Lower · Passed

House Floor Amendment No. 2 Rules Refers to Personnel & Pensions Committee

lower

Apr 10, 2026

Committee

House Floor Amendment No. 2 Referred to Rules Committee

lower

Apr 10, 2026

Introduced

House Floor Amendment No. 2 Filed with Clerk by Rep. Bob Morgan

lower

Mar 20, 2026

Lower · Passed

Do Pass as Amended / Short Debate Personnel & Pensions Committee; 010-000-000

lower

Mar 20, 2026

Lower · Passed

House Committee Amendment No. 1 Adopted in Personnel & Pensions Committee; by Voice Vote

lower

Mar 18, 2026

Lower · Passed

House Committee Amendment No. 1 Rules Refers to Personnel & Pensions Committee

lower

Mar 4, 2026

Committee

House Committee Amendment No. 1 Referred to Rules Committee

lower

Mar 4, 2026

Introduced

House Committee Amendment No. 1 Filed with Clerk by Rep. Bob Morgan

lower

Mar 4, 2026

Committee

Assigned to Personnel & Pensions Committee

lower

Feb 10, 2026

Committee

Referred to Rules Committee

lower

2 primary · 12 co-sponsors