CULLERTON. 40 ILCS 5/17-116 from Ch. 108 1/2, par. 17-116 40 ILCS 5/17-122 from Ch. 108 1/2, par. 17-122 30 ILCS 805/8.25 new Amends the Chicago Teacher Article of the Illinois Pension Code to change the period used to determine average salary, from the highest 4 consecutive years to the highest 3 years (not necessarily consecutive). Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) The increase in accrued liability is estimated to be $97.6 million. The increase in total annual cost is estimated to be $10.1 million, or 0.66% of payroll. The total annual cost would increase commensurate with payroll. FEB-20-2001 S FIRST READING FEB-20-2001 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-27-2001 S PENSION NOTE FILED AS INTRODUCED FEB-28-2001 S ASSIGNED TO COMMITTEE INS & PENS. 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