---
type: "Bill"
title: "PEN CD-ACCELERATED BENEFIT"
description: "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."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "102nd"
identifier: "HB 4292"
citation: "Illinois HB 4292 (102nd)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Bob Morgan", "Robert F. Martwick"]
version_count: 3
action_count: 49
vote_count: 2
first_action: "2021-12-20"
last_action: "2022-05-05"
source: "openstates"
source_identifier: "ocd-bill/9254ca6d-b550-4bef-8381-6873d4ee7f31"
source_url: "https://ilga.gov/legislation/BillStatus.asp?DocNum=4292&GAID=16&DocTypeID=HB&LegId=137408&SessionID=110&GA=102"
source_hash: "bc833a413eb659136ca91d8b4e0fb4e8454f03c11338ab992ca991170db9004c"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-il"]
---

# Illinois HB 4292 (102nd) — PEN CD-ACCELERATED BENEFIT

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.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](https://ilga.gov/legislation/102/HB/PDF/10200HB4292.pdf)
2. **Engrossed** (committee substitute) — [source](https://ilga.gov/legislation/102/HB/PDF/10200HB4292eng.pdf)
3. **Enrolled** (enrolled) — [source](https://ilga.gov/legislation/102/HB/PDF/10200HB4292enr.pdf)

## Votes

- Third Reading — **108–2** (pass) · lower
- Third Reading — **52–1** (pass) · upper

## Sponsors

- Bob Morgan — primary (person)
- Robert F. Martwick — primary (person)
- Amy Grant — cosponsor (person)
- Andrew S. Chesney — cosponsor (person)
- Bradley Stephens — cosponsor (person)
- Chris Bos — cosponsor (person)
- Daniel Didech — cosponsor (person)
- Deanne M. Mazzochi — cosponsor (person)
- Eva-Dina Delgado — cosponsor (person)
- Jaime M. Andrade, Jr. — cosponsor (person)
- Janet Yang Rohr — cosponsor (person)
- Jeff Keicher — cosponsor (person)
- Margaret Croke — cosponsor (person)
- Mark Batinick — cosponsor (person)
- Mark Luft — cosponsor (person)
- Martin McLaughlin — cosponsor (person)
- Michael J. Zalewski — cosponsor (person)
- Michael Kelly — cosponsor (person)
- Steven Reick — cosponsor (person)
- Sue Scherer — cosponsor (person)
- Suzanne Ness — cosponsor (person)
- Thomas M. Bennett — cosponsor (person)
- Tim Ozinga — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2021-12-20** Filed with the Clerk by Rep. Bob Morgan `filing`
- **2021-12-22** Added Chief Co-Sponsor Rep. Michael J. Zalewski
- **2021-12-22** Added Chief Co-Sponsor Rep. Mark Batinick
- **2022-01-05** First Reading `reading-1`
- **2022-01-05** Referred to Rules Committee `referral-committee`
- **2022-01-11** Assigned to Personnel & Pensions Committee `referral-committee`
- **2022-01-20** Do Pass / Consent Calendar Personnel & Pensions Committee; 008-000-000 `committee-passage`
- **2022-01-21** Placed on Calendar 2nd Reading - Consent Calendar
- **2022-01-24** Added Chief Co-Sponsor Rep. Margaret Croke
- **2022-01-24** Added Co-Sponsor Rep. Janet Yang Rohr
- **2022-01-26** Added Co-Sponsor Rep. Steven Reick
- **2022-01-28** Added Co-Sponsor Rep. Daniel Didech
- **2022-02-17** Second Reading - Consent Calendar `reading-2`
- **2022-02-17** Held on Calendar Order of Second Reading - Consent Calendar `reading-2`
- **2022-02-22** Removed from Consent Calendar Status Rep. Bob Morgan
- **2022-02-22** Held on Calendar Order of Second Reading - Short Debate `reading-2`
- **2022-02-23** Placed on Calendar Order of 3rd Reading - Short Debate
- **2022-02-24** Third Reading - Short Debate - Passed 108-002-000 `passage, reading-3`
- **2022-02-24** Added Co-Sponsor Rep. Sue Scherer
- **2022-02-24** Added Co-Sponsor Rep. Thomas M. Bennett
- **2022-02-24** Added Co-Sponsor Rep. Eva-Dina Delgado
- **2022-02-24** Added Co-Sponsor Rep. Jaime M. Andrade, Jr.
- **2022-02-24** Added Co-Sponsor Rep. Michael Kelly
- **2022-02-24** Added Co-Sponsor Rep. Deanne M. Mazzochi
- **2022-02-24** Added Co-Sponsor Rep. Martin McLaughlin
- **2022-02-24** Added Co-Sponsor Rep. Amy Grant
- **2022-02-24** Added Co-Sponsor Rep. Mark Luft
- **2022-02-24** Added Co-Sponsor Rep. Jeff Keicher
- **2022-02-24** Added Co-Sponsor Rep. Tim Ozinga
- **2022-02-24** Added Co-Sponsor Rep. Chris Bos
- **2022-02-24** Added Co-Sponsor Rep. Bradley Stephens
- **2022-02-24** Added Co-Sponsor Rep. Andrew S. Chesney
- **2022-02-24** Added Co-Sponsor Rep. Suzanne Ness
- **2022-02-24** Arrive in Senate `introduction`
- **2022-02-24** Placed on Calendar Order of First Reading `reading-1`
- **2022-02-24** Chief Senate Sponsor Sen. Robert F. Martwick
- **2022-02-24** First Reading `reading-1`
- **2022-02-24** Referred to Assignments `referral-committee`
- **2022-03-02** Assigned to Pensions `referral-committee`
- **2022-03-09** Do Pass Pensions; 008-001-000 `committee-passage`
- **2022-03-09** Placed on Calendar Order of 2nd Reading March 10, 2022
- **2022-03-23** Second Reading `reading-2`
- **2022-03-23** Placed on Calendar Order of 3rd Reading March 24, 2022
- **2022-03-29** Third Reading - Passed; 052-001-000 `passage, reading-3`
- **2022-03-29** Passed Both Houses
- **2022-04-18** Sent to the Governor `executive-receipt`
- **2022-05-05** Governor Approved `executive-signature`
- **2022-05-05** Effective Date May 5, 2022
- **2022-05-05** Public Act . . . . . . . . . 102-0718 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/9254ca6d-b550-4bef-8381-6873d4ee7f31`. Confidence: reported (aggregated from official Illinois legislature records).