SiteTitle | • | Report on the Financial Condition of the Downstate Police and Downstate Fire Pension Funds in Illinois | [X] |
Organization | • | Commission on Government Forecasting and Accountability | [X] |
| | 1: | | Title: | | | | | Volume/Number: | 2023 | | | | Issuing Agency: | | | | | Description: | 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. | | | | Date Created: | 12-07-2023 | | | | Agency ID: | | | | | ISL ID: | 000000104975 Original UID: 211257 FIRST WORD: Report | |
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