988 resultados para Illinois Public Employees Pension Laws Commission.


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Published: Chicago, <1997>-2001.

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Caption title: Rules of the Illinois Department of Public Health.

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Examines the financial status of the various public employee retirement systems in Illinois.

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"To the Legislative Audit Commission, the Speaker and Minority Leader of the House of Representative, the President and Minority Leader of the Senate, the members of the General Assembly, and the Governor."--Cover letter.

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Pursuant to HR 102, this report contains information pertaining to the guidelines that govern the practice of using estimates in issuing utility bills, the methodologies used by utilities in estimating usage, and standards for accuracy of metering devices.

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Examines the financial status of the various state retirement systems in Illinois.

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The funded ratio places the unfunded liabilities in the context of the retirement system's assets. Expressed as a percentage of a system's liabilities, the funded ratio is calculated by dividing net assets by the accrued liabilities. The result is the percentage of the accrued liabilities that are covered by assets. At 100%, a fully funded system has sufficient assets to pay all benefits earned to date by all its members. Of course, in order to calculate the funded ratio, the accrued actuarial liabilities must be calculated and the actual value of plan assets must be determined.

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Description based on: 1938.

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Cover title.