House Sponsors: SAVIANO, LYONS,JOSEPH AND BRADLEY. Short description: PENCD-CHGO TCHR-AVERAGE SALARY Synopsis of Bill as introduced: 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 NOTE (Pension Laws Commission) The increase in accrued liability is estimated to be $77.6 million. The increase in total annual cost is estimated to be $7.9 million, or 0.58% of payroll. The total annual cost would increase commensurate with payroll. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status