Illinois Statutes
§ 14-138 — Actuary
Illinois·Topic GOVERNMENT·Ch. 40 PENSIONS·Act 40 ILCS 5/ Illinois Pension Code.·Art. Article 14 - State Employees' Retirement System Of Illinois
The Actuary shall be the technical advisor of the board on matters regarding the operation of the system. The actuary shall:
(a)at least once every 3 years, make a general investigation of the mortality, retirement, disability, employment, turnover, interest and earnable compensation;
(b)recommend tables to be used for all required actuarial calculations;
(c)make an annual valuation of the liabilities and reserves of the system, make an annual determination of the amount of contributions required from the State under this Article, and certify the results thereof to the board; and (d) perform such other duties as the board may assign.
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Legislative History
(Source: P.A. 99-232, eff. 8-3-15.)
Nearby Sections
15
§ 14-101
Creation of system§ 14-102
Purpose§ 14-103
Terms defined§ 14-103.01
Retirement system or system§ 14-103.02
Board of trustees or board§ 14-103.03
Date of establishment§ 14-103.04
Department§ 14-103.05
Employee§ 14-103.06
Member§ 14-103.07
Annuitant§ 14-103.08
Beneficiary§ 14-103.09
Service§ 14-103.10
§ 14-103.10§ 14-103.11
Rate of Compensation§ 14-103.12
Final average compensation