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Code · Illinois · Chapter 40 — PENSIONS · Act 5

Sec. 14-138. Actuary.

105 words·~1 min read·/il/chapter-40/act-5/14-138

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Sec. 14-138. Actuary. 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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