PEN CD-ACCELERATED BENEFIT House SponsorsRep. Bob Morgan-Michael J. Zalewski-Mark Batinick-Margaret Croke, Janet Yang Rohr, Steven Reick, Daniel Didech, Sue Scherer, Thomas M. Bennett, Eva Dina Delgado, Jaime M. Andrade, Jr., Michael Kelly, Deanne M. Mazzochi, Martin McLaughlin, Amy Grant, Mark Luft, Jeff Keicher, Tim Ozinga, Chris Bos, Bradley Stephens, Andrew S. Chesney and Suzanne Ness Senate Sponsors(Sen. Robert F. Martwick) 5/5/2022HousePublic Act . . . . . . . . . 102-0718 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, 2026 (instead of June 30, 2024). Effective immediately. 12/20/2021HouseFiled with the Clerk by Rep. Bob Morgan 12/22/2021HouseAdded Chief Co-Sponsor Rep. Michael J. Zalewski 12/22/2021HouseAdded Chief Co-Sponsor Rep. Mark Batinick 1/5/2022HouseFirst Reading 1/5/2022HouseReferred to Rules Committee 1/11/2022HouseAssigned to Personnel & Pensions Committee 1/20/2022HouseDo Pass / Consent Calendar Personnel & Pensions Committee; 008-000-000 1/21/2022HousePlaced on Calendar 2nd Reading - Consent Calendar 1/24/2022HouseAdded Chief Co-Sponsor Rep. Margaret Croke 1/24/2022HouseAdded Co-Sponsor Rep. Janet Yang Rohr 1/26/2022HouseAdded Co-Sponsor Rep. Steven Reick 1/28/2022HouseAdded Co-Sponsor Rep. Daniel Didech 2/17/2022HouseSecond Reading - Consent Calendar 2/17/2022HouseHeld on Calendar Order of Second Reading - Consent Calendar 2/22/2022HouseRemoved from Consent Calendar Status Rep. Bob Morgan 2/22/2022HouseHeld on Calendar Order of Second Reading - Short Debate 2/23/2022HousePlaced on Calendar Order of 3rd Reading - Short Debate 2/24/2022HouseThird Reading - Short Debate - Passed 108-002-000 2/24/2022HouseAdded Co-Sponsor Rep. Sue Scherer 2/24/2022HouseAdded Co-Sponsor Rep. Thomas M. Bennett 2/24/2022HouseAdded Co-Sponsor Rep. Eva Dina Delgado 2/24/2022HouseAdded Co-Sponsor Rep. Jaime M. Andrade, Jr. 2/24/2022HouseAdded Co-Sponsor Rep. Michael Kelly 2/24/2022HouseAdded Co-Sponsor Rep. Deanne M. Mazzochi 2/24/2022HouseAdded Co-Sponsor Rep. Martin McLaughlin 2/24/2022HouseAdded Co-Sponsor Rep. Amy Grant 2/24/2022HouseAdded Co-Sponsor Rep. Mark Luft 2/24/2022HouseAdded Co-Sponsor Rep. Jeff Keicher 2/24/2022HouseAdded Co-Sponsor Rep. Tim Ozinga 2/24/2022HouseAdded Co-Sponsor Rep. Chris Bos 2/24/2022HouseAdded Co-Sponsor Rep. Bradley Stephens 2/24/2022HouseAdded Co-Sponsor Rep. Andrew S. Chesney 2/24/2022HouseAdded Co-Sponsor Rep. Suzanne Ness 2/24/2022SenateArrive in Senate 2/24/2022SenatePlaced on Calendar Order of First Reading 2/24/2022SenateChief Senate Sponsor Sen. Robert F. Martwick 2/24/2022SenateFirst Reading 2/24/2022SenateReferred to Assignments 3/2/2022SenateAssigned to Pensions 3/9/2022SenateDo Pass Pensions; 008-001-000 3/9/2022SenatePlaced on Calendar Order of 2nd Reading March 10, 2022 3/23/2022SenateSecond Reading 3/23/2022SenatePlaced on Calendar Order of 3rd Reading March 24, 2022 3/29/2022SenateThird Reading - Passed; 052-001-000 3/29/2022HousePassed Both Houses 4/18/2022HouseSent to the Governor 5/5/2022HouseGovernor Approved 5/5/2022HouseEffective Date May 5, 2022 5/5/2022HousePublic Act . . . . . . . . . 102-0718