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
END OF INQUIRY
Full Text Bill Summary