Illinois § 14-138 Actuary

Illinois Statutes

§ 14-138 — Actuary

Illinois § 14-138

JurisdictionIllinois

TopicGOVERNMENT

Ch. 40PENSIONS

Act 40 ILCS 5/Illinois Pension Code.

Art.Article 14 - State Employees' Retirement System Of Illinois

This text of Illinois § 14-138 (Actuary) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

40 Ill. Comp. Stat. 14-138 (2026).

Text

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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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.