92nd General Assembly
Status of SB0431
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 Full Text  Bill Summary

   40 ILCS 5/14-103.12       from Ch. 108 1/2, par. 14-103.12                  
   40 ILCS 5/16-133          from Ch. 108 1/2, par. 16-133                     
   40 ILCS 5/16-140          from Ch. 108 1/2, par. 16-140                     

        Amends the State Employee and Downstate Teacher Articles  of  the      
   Illinois  Pension  Code.   Changes  the  definitions of "final average      
   salary" and "final average compensation"  to  allow  consideration  of      
   periods  during  the  last  15  (rather  than  10) years of creditable      
   service.  Effective immediately.                                            
          PENSION NOTE (Pension Laws Commission)                               
          The fiscal impact of SB 431 cannot be estimated, but is likely       
          to be minor as most employees receive the highest compensation       
          within the last 10 years of service and would not receive            
          larger benefits by increasing the final average compensation         
          period to 15 years.                                                  
   FEB-20-2001  S  FIRST READING                                                  
   FEB-20-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   FEB-28-2001  S       ASSIGNED TO COMMITTEE               INS & PENS.           
   MAR-01-2001  S                        PENSION NOTE FILED                       
   MAR-06-2001  S       TO SUBCOMMITTEE                                           
   MAR-06-2001  S                   COMMITTEE               INS & PENS.           
   MAR-31-2001  S  RE-REFERRED TO RULES COMM/RULE 3-9(A)    RULES                 
   JAN-07-2003  S  SESSION SINE DIE                                               


 Full Text  Bill Summary