Illinois 2025-2026 Regular Session

Illinois Senate Bill SB3403

Introduced
2/4/26  
Refer
2/4/26  
Refer
2/17/26  
Report Pass
3/4/26  
Engrossed
4/16/26  
Refer
4/17/26  
Refer
4/27/26  
Report Pass
5/7/26  

Caption

PEN CD-BD OF INVESTMENT AUDIT

Summary

SB3403 amends the Illinois Pension Code and the State Mandates Act to make two targeted changes affecting public employee benefits. First, it revises the firefighter disability pension provisions in Section 4-110 to increase the survivor benefit payable when a firefighter dies while receiving a disability pension, but only for a narrow set of cases: the firefighter must have died in 2023, within six months of age 60, and the local fire protection district board must have adopted an ordinance or resolution granting the increase within one year of the act’s effective date. For qualifying cases, the survivor pension is increased to $50,051.76 and then adjusted annually by a simple 3% increase. Second, the bill amends Section 22A-115 governing audits and reports for the Board of Investment. It keeps the annual audit and reporting framework in place, but adds a compliance grace provision stating that the board will not be considered in violation of the annual reporting requirement if it has not received the required audit opinion by December 15. The bill also adds a new section to the State Mandates Act declaring that no state reimbursement is required for implementation of any mandate created by the act. The bill’s impact is therefore limited but meaningful for affected pension systems and beneficiaries. It changes state law governing firefighter disability and survivor pensions, potentially increasing benefits for a small number of eligible survivors, while also modifying administrative reporting expectations for the Board of Investment. Because it includes an exempt-mandate provision, it also shields the state from reimbursement obligations tied to the bill’s implementation. Overall sentiment appears neutral to favorable based on the bill’s narrow, technical nature and the absence of recorded opposition, committee debate, or roll-call votes in the provided materials. The measure reads as a focused pension correction and administrative clarification rather than a broad policy overhaul. The main point of contention, to the extent one exists, would likely be the cost and precedent of increasing survivor benefits for a specific class of cases, though the bill limits that increase to a tightly defined set of circumstances.

Impact

SB3403 amends the Illinois Pension Code by changing firefighter disability pension and survivor benefit provisions in Section 4-110, and it amends Section 22A-115 to adjust reporting compliance rules for the Board of Investment. It also adds a new exempt-mandate section to the State Mandates Act, stating that the state need not reimburse implementation costs. The practical effect is to increase benefits for a narrowly defined group of firefighter survivors, clarify when the Board of Investment is not in violation of its annual reporting deadline, and prevent state reimbursement claims tied to the act.

Sentiment

No committee transcripts or votes were provided, and the bill’s text suggests a technical, narrowly tailored pension and reporting measure rather than a controversial policy change. The overall sentiment appears neutral to mildly favorable, especially toward the firefighter survivor benefit adjustment. The absence of recorded opposition or debate in the supplied materials suggests limited public contention or at least no documented resistance in the available record.

Contention

The most notable potential contention is fiscal: the bill increases a survivor pension to $50,051.76 with annual 3% adjustments for a very specific set of firefighter death cases, which could raise concerns about pension costs or setting a precedent for special benefit adjustments. A secondary issue is administrative, because the bill relaxes the Board of Investment’s reporting compliance by excusing a violation if the audit opinion is delayed past December 15. However, the bill’s narrow eligibility criteria and exempt-mandate language suggest the measure was designed to minimize broader controversy.

Companion Bills

No companion bills found.

Similar Bills

No similar bills found.