Share to Facebook Share to Twitter Bookmark and Share
Record #: R2013-751   
Type: Resolution Status: Failed to Pass
Intro date: 9/11/2013 Current Controlling Legislative Body: Committee on Finance
Final action: 5/20/2015
Title: Tax levy requirement for Policemen's Annuity and Benefit Fund of Chicago for Year 2014
Sponsors: Dept./Agency
Topic: FINANCE FUNDS - Policemen's Annuity and Benefit Fund of Chicago
Attachments: 1. R2013-751.pdf
Related files: R2015-407
Members of the Board
Representing the Public
Amer Ahmad Juan C. Avila
Stephanie D. Neely, Vice-President Lois A. Scott
Representing the Active Police and Disability Beneficiaries James P. Maloney, Recording Secretary-Michael K. Lappe Brian E. Wright
Representing the Annuitants Kenneth A. Hauser, President
The Retirement Board
of the
Regina Tuczak, CPA
Acting Executive Director and Comptroller
Pacifico Panaligan
Assistant Comptroller
Peter Orris, M.D.
David R. Kugler
Attorney for the Board
Samuel Kunz
Chief Investment Officer
Address Communications to the Retirement Board

August 14, 2013

Ms. Susana A. Mendoza City Clerk, of Chicago City Hall (Room 107) 121 N. LaSalle Street Chicago, IL 60602

Dear Ms. Mendoza:

In accordance with Chapter 40, Act 5, Article 5, Section 168-Financing, the Policemen's Annuity and Benefit Fund of Chicago is hereby requesting $188,431,000 for the 2014 tax levy. In addition to the financing requirements of the Illinois Statutes, attached is a copy of the 2013 Funding Resolution adopted by the Retirement Board of the Policemen's Annuity and Benefit Fund of the City of Chicago at their meeting held July 26, 2013.

Regina Tuczak Executive Director and Comptroller


SG -.21 Hd OZ9MEI0Z


WHEREAS, the Illinois Pension Code 40 ILCS 5/5-101 et. sq. (the "Code") and the pertinent sections found therein relating to the Policemen's Annuity and Benefit Fund of Chicago provide that an estimate of the amount of required contributions in each year to meet the statutory purposes of said Fund shall be certified to the City Council by the Retirement Board of said Fund: Now, therefore,

BE IT RESOLVED, That pursuant to the applicable provisions of the Code, as amended
provides in part:

Sec. 5-177. Other city contributions - Estimates. The board shall estimate the amounts required each year to be contributed by tlie city to pay all annuities and...

Click here for full text