104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
HB4170
 
Introduced 10/28/2025, by Rep. Kyle Moore
 
SYNOPSIS AS INTRODUCED:
 
30 ILCS 122/20
    Amends the Budget Stabilization Act. Provides that, in addition to any other transfers that may be provided by law, the Comptroller shall transfer from the General Revenue Fund to the Pension Stabilization Fund the following amounts: $300,000,000 for Fiscal Year 2030; $400,000,000 for Fiscal Years 2031 through 2033; and $600,000,000 for Fiscal Years 2034 through 2049.


LRB104 15260 RPS 28410 b

 
 
A BILL FOR
 
HB4170LRB104 15260 RPS 28410 b

1    AN ACT concerning finance.
 
2    Be it enacted by the People of the State of Illinois, 
3represented in the General Assembly:
 
4    Section 5. The Budget Stabilization Act is amended by 
5changing Section 20 as follows:
 
6    (30 ILCS 122/20)
7    (Text of Section WITHOUT the changes made by P.A. 98-599, 
8which has been held unconstitutional)
9    Sec. 20. Pension Stabilization Fund.
10    (a) The Pension Stabilization Fund is hereby created as a 
11special fund in the State treasury. Moneys in the fund shall be 
12used for the sole purpose of making payments to the designated 
13retirement systems as provided in Section 25. 
14    (b) For each fiscal year when the General Assembly's 
15appropriations and transfers or diversions as required by law 
16from general funds do not exceed 99% of the estimated general 
17funds revenues pursuant to subsection (a) of Section 10, the 
18Comptroller shall transfer from the General Revenue Fund as 
19provided by this Section a total amount equal to 0.5% of the 
20estimated general funds revenues to the Pension Stabilization 
21Fund.
22    (c) For each fiscal year when the General Assembly's 
23appropriations and transfers or diversions as required by law 
 
 
HB4170- 2 -LRB104 15260 RPS 28410 b

1from general funds do not exceed 98% of the estimated general 
2funds revenues pursuant to subsection (b) of Section 10, the 
3Comptroller shall transfer from the General Revenue Fund as 
4provided by this Section a total amount equal to 1.0% of the 
5estimated general funds revenues to the Pension Stabilization 
6Fund.
7    (c-5) In addition to any other transfers that may be 
8provided by law, the Comptroller shall transfer from the 
9General Revenue Fund to the Pension Stabilization Fund the 
10amount set forth as follows for each of the specified fiscal 
11years: 
12Fiscal Year Amount 
132030 $300,000,000 
142031 $400,000,000 
152032 $400,000,000 
162033 $400,000,000 
172034 $600,000,000 
182035 $600,000,000 
192036 $600,000,000 
202037 $600,000,000 
212038 $600,000,000 
222039 $600,000,000 
232040 $600,000,000 
242041 $600,000,000 
252042 $600,000,000 
262043 $600,000,000 
 
 
HB4170- 3 -LRB104 15260 RPS 28410 b

12044 $600,000,000 
22045 $600,000,000 
32046 $600,000,000 
42047 $600,000,000 
52048 $600,000,000 
62049 $600,000,000 
7    (d) The Comptroller shall transfer 1/12 of the total 
8amount to be transferred each fiscal year under this Section 
9into the Pension Stabilization Fund on the first day of each 
10month of that fiscal year or as soon thereafter as possible; 
11except that the final transfer of the fiscal year shall be made 
12as soon as practical after the August 31 following the end of 
13the fiscal year.
14    Before the final transfer for a fiscal year is made, the 
15Comptroller shall reconcile the estimated general funds 
16revenues used in calculating the other transfers under this 
17Section for that fiscal year with the actual general funds 
18revenues for that fiscal year. The final transfer for the 
19fiscal year shall be adjusted so that the total amount 
20transferred under this Section for that fiscal year is equal 
21to the percentage specified in subsection (b) or (c) of this 
22Section, whichever is applicable, of the actual general funds 
23revenues for that fiscal year. The actual general funds 
24revenues for the fiscal year shall be calculated in a manner 
25consistent with subsection (c) of Section 10 of this Act. 
26(Source: P.A. 94-839, eff. 6-6-06.)