Senate Sponsors: CULLERTON. Short description: PEN CD-CHGO TCHR-AVE SALARY Synopsis of Bill as introduced: 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. 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