PEN CD-CHI MUNI-BOARD OF ED

104th Regular Session Introduced by Rob Martwick

The bill proposes changes to Chicago’s pension-related provisions, municipal governance, and the Chicago Board of Education.

Referred to Assignments

Bill Summary: SB 3402 (104th Illinois General Assembly)

Purpose and Intent

SB 3402 is a proposed measure within Illinois that concerns the Chicago municipal and board of education governance structure. While the available information is limited to introductory details, the bill’s title—“PEN CD-CHI MUNI-BOARD OF ED”—suggests it addresses provisions related to pension, city (municipal) governance, and the Chicago Board of Education. The accompanying action history indicates the bill was filed by Senator Robert F. Martwick and also lists Rob Martwick as a co-sponsor, with initial steps including first reading and referral to assignments.

Key Provisions (Indicative Based on Title and Context)

Because the full text of the bill is not provided here, the specific statutory changes are not enumerated. However, typical content in bills with similar scope may include:
- Revisions to pension-related provisions affecting Chicago-area public employees or retirement systems.
- Adjustments to municipal governance rules or procedures affecting the City of Chicago.
- Amendments to the governance, powers, or operations of the Chicago Board of Education.
- Clarifications of funding mechanisms, oversight, or reporting related to city and education-related pensions or budgets.

Note: The precise sections, definitions, and operative dates would be found in the bill’s text upon committee deliberation or full filing.

Affected Parties and Institutions

Participants in Chicago’s municipal government: city officials, departments, and agencies affected by governance or pension provisions.

Chicago Board of Education: potential changes to board operations, oversight, or governance.

Chicago public employees and retirees: if pension-related provisions are included, impacts could involve eligibility, benefits, member contributions, or funding mechanisms.

Illinois state and local financial authorities: any changes to funding, audits, or reporting could implicate state oversight or municipal finance.

Procedural and Timeline Aspects

Filed and Received First Reading: February 4, 2026.

Referral to Assignments: February 4, 2026, indicating placement for committee consideration.

Sponsorship: Co-sponsored by Sen. Rob Martwick (with Sen. Robert F. Martwick noted as the introducer).

Potential Implications

Depending on the final text, SB 3402 could influence:

How pension funds serving Chicago employees are managed or funded.
Governance procedures for the City of Chicago or the ChicagoBoard of Education.
Financial accountability, reporting requirements, or oversight mechanisms related to municipal and education funds.

Next Steps for Readers

Review the full bill text and any fiscal notes or committee analyses once available to understand:

Specific statutory changes proposed.
Effective dates and any transitional provisions.
Any fiscal impact on the city, schools, or pension systems.

Monitor committee hearings for amendments, votes, and potential changes in scope or impact.

If you want, I can pull the full bill language and provide a more detailed, section-by-section analysis once it is accessible.