Public Act 101-0339
 
SB1582 EnrolledLRB101 07577 RPS 52622 b

    AN ACT concerning public employee benefits.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The Illinois Pension Code is amended by changing
Section 13-208 as follows:
 
    (40 ILCS 5/13-208)  (from Ch. 108 1/2, par. 13-208)
    Sec. 13-208. "Average final salary": The highest average
monthly annual salary as calculated by accumulating the salary
for the highest 520 52 consecutive paid days of service pay
periods within the last 10 years of service immediately
preceding the date of retirement and dividing by 24 2. If the
employee is paid for any portion of a work day, the fraction of
the day worked and the salary for that fraction of the day
shall be counted in accordance with the Fund's administrative
rules.
(Source: P.A. 90-12, eff. 6-13-97.)
 
    Section 99. Effective date. This Act takes effect upon
becoming law.