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Title:  

Actuarial Valuation Report Benefits, June 30, 2014

 
 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