The Report on the Financial Condition of the Downstate Police and Fire Pension Funds in Illinois was created pursuant P.A. 95-0950. This report is a bi-annual report, published each odd-numbered year. Each report shows nine years worth of financial data for individual Downstate Police and Fire pension funds, including actuarial metrics such as assets, individual rates of investment return, and actuarial liabilities. The report also contains detailed demographic information such the number of active and retired members, and average active member salaries. The executive summary displays aggregate actuarial and demographic data grouped by four different asset levels so that readers can get a top-line, at-a-glance overview of how police and fire pension funds are performing financially, as well as their compliance with the funding requirements of P.A. 96-1495, which mandated a new funding program for these funds.
Effective with the implementation of Senate Bill 2989, Public Act 99-0904, most liquor licenses administered by the Illinois Liquor Control Commission have an increased fee for new license applications and license renewals, and distributors and in-state winery shippers will be licensed based on the number of gallons.
First Reading is a newsletter for Illinois legislators. It includes articles alerting legislators to issues of interest to them as well as biographies of newly elected legislators after each election and summaries of important bills from each session. It also contains abstracts of reports filed with the General Assembly.
This edition includes program descriptions and outlay information, as well as section to assist legislators and staff in linking the federal program data to the state budget