Bill Title: Amends the Metropolitan Water Reclamation District Article of the Illinois Pension Code. Provides that "average final salary" means the highest average monthly (instead of annual) salary as calculated by accumulating the salary for the highest 520 consecutive paid days of service (instead of 52 consecutive pay periods) within the last 10 years of service immediately preceding the date of retirement and dividing by 24 (instead of 2). Provides that 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. Effective immediately.

Spectrum: Bipartisan Bill

Status: (Passed) 2019-08-09 - Public Act . . . . . . . . . 101-0339 [SB1582 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2019-08-12	HTML/Text	Link	View
Enrolled	2019-05-23	HTML/Text	Link	View
Engrossed	2019-03-26	HTML/Text	Link	View
Introduced	2019-02-15	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB1582

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB1582 currently on file.

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