The Electronic Documents of Illinois provides permanent public access to official publications of the State of Illinois which have been deposited in electronic form.
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.
This report, submitted in compliance with 105 ILCS 5/1A-4E, provides a discussion of the overall condition of education in Illinois. Information is included concerning student and teacher demographics; data on teacher and administrator certification; federal, state and local resources; and other data about Illinois education.