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Code · Illinois · Chapter 40 — PENSIONS · Act 5

Sec. 16-175. To make annual report.

75 words·~1 min read·/il/chapter-40/act-5/16-175

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Sec. 16-175. To make annual report. To make an annual financial report for each fiscal year ended June 30.
A copy of the report shall be transmitted to the State Board of Education. The report of the retirement system shall contain a summary of the fiscal transactions for the preceding fiscal year, the amount of the accumulated cash and securities, and a balance sheet indicating the system's financial condition by means of an actuarial valuation.
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