960 resultados para Illinois Economic and Fiscal Commission.


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Subtitle varies slightly.

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The Economic and Fiscal Commission is to prepare revenue and fund transfer estimates in accordance with Public Act 90-0479 by March 15th of each year. These estimates are to be reported to the General Assembly and the Governor.

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Cover title.

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Mode of access: Internet.

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Memorandum dated June 4, 1991 called Update to Outlook, the revenue picture for 1992, inserted.

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"November 1986."

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"February 1988."

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Description based on: Fiscal year 1995.

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Contains the funding alternatives identified by the Commission and provides its recommendations on the alternative that should be used to fund the 2002 SERS ERI liability.

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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.