---
type: "Bill"
title: "FINANCE ACT-EMPLOYEE BENEFITS"
description: "Amends the State Finance Act. Provides that upon a State employee's retirement or resignation, his or her vacation, overtime, and sick leave need not be payable in a single lump sum if otherwise provided for in a collective bargaining agreement entered into under the Illinois Educational Labor Relations Act. Effective immediately."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "93rd"
identifier: "HB 2955"
citation: "Illinois HB 2955 (93rd)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 26
vote_count: 2
first_action: "2003-02-21"
last_action: "2003-08-06"
source: "openstates"
source_identifier: "ocd-bill/9591241a-a3e4-457b-b9cb-81a455b6b15d"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=2955&GAID=3&DocTypeID=HB&LegId=5507&SessionID=3&GA=93"
source_hash: "686333d342331fc3327b657eb629152982401e818f31f0bda0318458c10ce894"
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 2955 (93rd) — FINANCE ACT-EMPLOYEE BENEFITS

Amends the State Finance Act. Provides that upon a State employee's retirement or resignation, his or her vacation, overtime, and sick leave need not be payable in a single lump sum if otherwise provided for in a collective bargaining agreement entered into under the Illinois Educational Labor Relations Act. Effective immediately.

## Version chain

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

1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300HB2955&GA=93&SessionId=3&DocTypeId=HB&LegID=5507&DocNum=2955&GAID=3&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300HB2955eng&GA=93&SessionId=3&DocTypeId=HB&LegID=5507&DocNum=2955&GAID=3&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300HB2955enr&GA=93&SessionId=3&DocTypeId=HB&LegID=5507&DocNum=2955&GAID=3&Session=&print=true)

## Votes

- Third Reading — **113–1** (pass) · lower
- Third Reading — **58–0** (pass) · upper

## Sponsors

- Michael K. Smith — primary (person)

## Timeline

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

- **2003-02-21** Filed with the Clerk by Rep. Michael K. Smith `filing`
- **2003-02-21** First Reading `reading-1`
- **2003-02-21** Referred to Rules Committee `referral-committee`
- **2003-02-26** Assigned to Personnel and Pensions Committee `referral-committee`
- **2003-03-13** Do Pass / Short Debate Personnel and Pensions Committee; 008-000-000 `committee-passage`
- **2003-03-13** Placed on Calendar 2nd Reading - Short Debate
- **2003-03-20** Second Reading - Short Debate `reading-2`
- **2003-03-20** Placed on Calendar Order of 3rd Reading - Short Debate
- **2003-03-21** Third Reading - Short Debate - Passed 113-001-000 `reading-3, passage`
- **2003-03-24** Arrive in Senate `introduction`
- **2003-03-24** Placed on Calendar Order of First Reading March 25, 2003 `reading-1`
- **2003-03-26** Chief Senate Sponsor Sen. Iris Y. Martinez
- **2003-03-27** First Reading `reading-1`
- **2003-03-27** Referred to Rules `referral-committee`
- **2003-04-10** Assigned to State Government `referral-committee`
- **2003-05-01** Do Pass State Government; 005-000-000 `committee-passage`
- **2003-05-01** Placed on Calendar Order of 2nd Reading May 6, 2003
- **2003-05-01** Added as Alternate Chief Co-Sponsor Sen. Mattie Hunter
- **2003-05-06** Second Reading `reading-2`
- **2003-05-06** Placed on Calendar Order of 3rd Reading May 7, 2003
- **2003-05-13** Third Reading - Passed; 058-000-000 `reading-3, passage`
- **2003-05-13** Passed Both Houses
- **2003-06-11** Sent to the Governor `executive-receipt`
- **2003-08-06** Governor Approved `executive-signature`
- **2003-08-06** Effective Date August 6, 2003
- **2003-08-06** Public Act . . . . . . . . . 93-0448 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/9591241a-a3e4-457b-b9cb-81a455b6b15d`. Confidence: reported (aggregated from official Illinois legislature records).