Illinois legislation · 104th General Assembly
Illinois SB1937: PENSION CODE-VARIOUS
Status: In committee, October 20, 2026
Amends the State Employee Article of the Illinois Pension Code. Provides that a member who is eligible to receive an alternative retirement annuity may elect to receive an estimated payment that shall commence no later than 30 days after the later of either the member's last day of employment or 30 days after the member files for the retirement benefit with the System. Provides that the estimated payment shall be the best estimate by the System of the total monthly amount due to the member based on the information that the System possesses at the time of the estimate. Provides that if the amount of the estimate is greater or less than the actual amount of the monthly annuity, the System shall pay or recover the difference within 6 months after the start of the monthly annuity. Excludes a benefit increase resulting from the amendatory Act from the definition of "new benefit increase". Effective immediately.
What the bill says
An act concerning public employee benefits.
From the engrossed text, April 1, 2025:
AN ACT concerning public employee benefits. Be it enacted by the People of the State of Illinois, represented in the General Assembly: Section 5.The Illinois Pension Code is amended by changing Sections 14-110 and 14-152.1 as follows: (40 ILCS 5/14-110)(from Ch. 108 1/2, par. 14-110) (Text of Section from P.A. 102-813 and 103-34) Sec. 14-110.Alternative retirement annuity. (a) Any member who has withdrawn from service with not less than 20 years of eligible creditable service and has attained age 55, and any member who has withdrawn from service with not less than 25 years of eligible creditable service and has attained age 50, regardless of whether the attainment of either of the specified ages occurs while the member is still in service, shall be entitled to receive at the option of the member, in lieu of the regular or minimum retirement annuity, a retirement annuity computed as follows: (i) for periods of service as a noncovered employee: if retirement occurs on or after January 1, 2001, 3% of final average compensation for each year of creditable service; if retirement occurs before January 1, 2001, 1/4% of final average compensation for each of the first 10 years of creditable service, 2 1/2% for each year above SB1937 Engrossed- 2 -LRB104 09509 RPS 19572 b SB1937 Engrossed - 2 - LRB104 09509 …
Sponsors
- Robert F. Martwick (D, 10) · primary sponsor
- Robert Peters (D, 13)
- Emil Jones (D, 14)
- Mary Edly-Allen (D, 31)
- Stephanie A. Kifowit (D, 84) · primary sponsor
- Sue Scherer (D, 96)
- Jay Hoffman (D, 113)
- Diane Blair-Sherlock (D, 46)
- Michelle Mussman (D, 56)
- Kelly M. Cassidy (D, 14)
- Barbara Hernandez (D, 50)
- Marcus Evans (D, 33)
Latest actions
- : Added as Co-Sponsor Sen. Mary Edly-Allen
- : Added as Co-Sponsor Sen. Emil Jones, III
- : Added as Chief Co-Sponsor Sen. Robert Peters
- : House Floor Amendment No. 2 Rule 19(c) / Re-referred to Rules Committee
- : House Floor Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
- : Rule 19(b) / Re-referred to Rules Committee
- : House Floor Amendment No. 2 Recommends Be Adopted Executive Committee; 008-004-000
- : House Floor Amendment No. 2 Rules Refers to Executive Committee
- : House Floor Amendment No. 1 Rules Refers to Executive Committee
- : Placed on Calendar 2nd Reading - Short Debate
Votes
- House Floor Amendment No. 2 Recommends Be Adopted Executive Committee (October 29, 2025): 8 yea, 4 nay, passed
- Approved for Consideration Rules Committee (October 16, 2025): 5 yea, 0 nay, passed
- Do Pass / Short Debate Personnel & Pensions Committee (April 24, 2025): 12 yea, 0 nay, passed
- Third Reading - Passed (April 3, 2025): 55 yea, 0 nay, passed
- Do Pass Pensions (March 19, 2025): 9 yea, 0 nay, passed
Subjects: ILCS 40 - Local Government
Common questions
- What is SB1937?
- SB1937 is a bill in the Illinois Legislature (104th General Assembly): PENSION CODE-VARIOUS.
- What does SB1937 do?
- In its own words: An act concerning public employee benefits.
- What is the status of SB1937?
- In committee as of October 20, 2026. Latest action: Added as Co-Sponsor Sen. Mary Edly-Allen (October 20, 2026).
- Who sponsored SB1937?
- Robert F. Martwick (D, 10), with 11 co-sponsors.
- Where is the official record for SB1937?
- On the Illinois Legislature website: https://www.ilga.gov/Legislation/BillStatus?DocNum=1937&GAID=18&DocTypeID=SB&SessionID=114
Source: official Illinois record. Tracked by Delilah, AI for legislation across all 50 states and Congress.