Senate Sponsors: BOMKE. Short description: PEN CD-SALARY-LAST 15 YEARS Synopsis of Bill as introduced: 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. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status