House Sponsors: FRITCHEY-LYONS,JOSEPH-CAPPARELLI-SANTIAGO AND SAVIANO. Short description: PENCD-CHGO TCHR-AVERAGE SALARY Synopsis of Bill as introduced: Amends the Chicago Teacher Article of the Pension Code to change the period used to determine average salary from 4 years to 3 years. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION IMPACT NOTE HB 355 is based on the August 1995 actuarial valuation: Increase in accrued liability $71.1M Increase in total annual cost $ 7.8M Increase in total annual cost as a % of payroll 67% Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status