| | | | Title: | | | | | Volume/Number: | Rev. 2015 January 14 | | | | Issuing Agency: | | | | | Description: | Annual Actuarial Valuation determines the amount of contributions during a members career combined with investment return, sufficient to pay pension at retirement. IL Pension Code requires a calculation of annual contribution which funds below level of the standard. Actuarial Valuation determines funding progress under the Pension Code's funding standard; determines contributions under standard public sector actuarial practices; explore why results of the current valuation differ from the results of the previous; & satisfy regulatory & accounting requirements. | | | | Date Created: | 01-14-2015 | | | | Agency ID: | | | | | ISL ID: | 000000052718 Original UID: 173938 FIRST WORD: Actuarial | |
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