92nd General Assembly
Summary of SB0431
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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