FRITCHEY-LYONS,JOSEPH-CAPPARELLI-SANTIAGO AND SAVIANO. 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 805/8.21 new Amends the Chicago Teacher Article of the Pension Code to change the period used to determine average salary from 4 years to 3 years. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION IMPACT NOTE HB 355 is based on the August 1995 actuarial valuation: Increase in accrued liability $71.1M Increase in total annual cost $ 7.8M Increase in total annual cost as a % of payroll 67% 97-01-30 H FIRST READING 97-01-30 H ADDED AS A JOINT SPONSOR LYONS,JOSEPH 97-01-30 H ADDED AS A CO-SPONSOR CAPPARELLI 97-01-30 H ADDED AS A CO-SPONSOR SANTIAGO 97-01-30 H ADDED AS A CO-SPONSOR KOTLARZ 97-01-30 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-02-05 H ASSIGNED TO COMMITTEE PERS PENSION 97-03-03 H PENSION NOTE FILED 97-03-03 H COMMITTEE PERS PENSION 97-03-21 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary