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Public Act 101-0339
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| SB1582 Enrolled | LRB101 07577 RPS 52622 b |
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AN ACT concerning public employee benefits.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Illinois Pension Code is amended by changing |
Section 13-208 as follows:
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(40 ILCS 5/13-208) (from Ch. 108 1/2, par. 13-208)
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Sec. 13-208. "Average final salary": The highest average |
monthly annual salary
as calculated by accumulating the salary |
for the highest 520 52
consecutive paid days of service pay |
periods within the last 10 years of service immediately
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preceding the date of retirement and dividing by 24 2. If the |
employee is paid for any portion of a work day, the fraction of |
the day worked and the salary for that fraction of the day |
shall be counted in accordance with the Fund's administrative |
rules.
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(Source: P.A. 90-12, eff. 6-13-97.)
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Section 99. Effective date. This Act takes effect upon |
becoming law.
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