Replaces everything after the enacting clause. Amends the Downstate Teachers Article of the Illinois Pension Code. Specifies that the provision that requires an employer to make an additional contribution to the System for certain salary increases greater than 6% excludes salary increases necessary to bring a school board in compliance with the changes to the minimum salary provisions of the School Code under Public Act 101-443 or the amendatory Act. Amends the Employment of Teachers Article of the School Code. In the provisions concerning minimum salary, removes a provision subjecting the increase in the minimum salary rate to review by the General Assembly. Provides that the minimum salary rate for a school year shall be increased by a percentage equal to the annualized percentage increase (instead of the percentage increase), if any, in the Consumer Price Index for All Urban Consumers for all items published by the United States Department of Labor for the 12-month period ending on June 30 of the school year that ended 12 months prior to the school year in which the adjusted salary is to be in effect (instead of for the previous school year). Provides that the Commission on Government Forecasting and Accountability shall certify and publish the minimum salary rate to be used. Removes a provision regarding the Professional Review Panel submitting a report to the General Assembly on how State funds and funds distributed under the evidence-based funding formula may aid the financial effects of certain changes. Effective immediately.